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Rose

Update on Rose

Rose used the previous loan to buy blankets, carpets and bed covers to sell. In her business she faces a problem of inadequate capital to purchase stock since the demand is very high. Her dream is to build a permanent home and expand her business into new markets. Rose needs this loan to pay school fees for her children.

Previous Loan Details

Rose is a 30-year-old married woman with two children. She lives in a rented house in Fort Portal, Uganda. Her dream is to build her own house. She owns a boutique, and has been in business for five years. She started by first working as an attendant, got capital and started her own business. ... More from Rose's previous loan »

Additional Information

Concurrent and Successive Loans

Our Field Partners often work with borrowers over a series of loans as the borrowers build credit, take out bigger loans, and expand their businesses. In order to make it easier for our Field Partners to post loans for borrowers who have been listed on Kiva before, we allow them to post successive and concurrent loans for their Kiva borrowers. This means that our Field Partners are able to post a borrower's second, third, etc., loan on Kiva without having to re-enter all of the borrower's information.

This borrower has been listed on Kiva before, so you'll see an updated loan description, as well as excerpts of the original descriptions from earlier loans. Most borrowers take out loans consecutively, meaning that they receive a second loan after having repaid the first. However, sometimes our Field Partners give out concurrent loans, allowing borrowers to take out one primary loan and a secondary "add-on" loan along with it. These "add-on" loans are typically smaller than the borrower's primary loan and serve a different purpose. Because Field Partners can now post loans as successive and concurrent loans, you will be able to track borrower progress over time and see the various ways a borrower is working with our Field Partners through funds from Kiva’s lenders.

About Uganda

  • $1,500
    Average annual income
  • 358
    View loans »
    Uganda Loans Fundraising
  • $29,766,150
    Funds lent in using Kiva
  • 2,330.0
    Uganda Shillings (UGX) = $1 USD

Success!! The loan was 100% repaid

A loan of $875 helped Rose to pay school fees for her children.
100% repaid
Repayment Term
12 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 10, 2012
Listed
Feb 27, 2012
Currency Exchange Loss:
Possible
Ended:
Jan 16, 2013
This photo was used before for a previous loan for Rose. It was first posted on Kiva on Aug, 2011. Learn More