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Joseph

Update on Joseph

Joseph used his previous loan to pay workers who were quarrying stones. In order to increase his income sources he also decided to venture into crop growing. He faces the challenges seasonal weather variations that affect his farming activities. His dream is educating his children, buying a car and hiring employees to help him expand his business. Joseph needs this loan to pay workers who are clearing land for crop growing.

Previous Loan Details

Joseph is a 48 year-old married man with ten children. He owns a house in Fort Portal, Uganda. Joseph is a builder and also deals in quarrying stones. The major challenge is during the rainy season when the roads to the quarry are impassable. His desire is to solely own the quarry site. ... More from Joseph'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
  • 284
    View loans »
    Uganda Loans Fundraising
  • $29,599,275
    Funds lent in using Kiva
  • 2,330.0
    Uganda Shillings (UGX) = $1 USD

Success!! The loan was 100% repaid

A loan of $775 helped Joseph to pay workers who are clearing land for crop growing.
100% repaid
Repayment Term
10 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 10, 2012
Listed
Mar 8, 2012
Currency Exchange Loss:
Possible
Ended:
Nov 15, 2012
This photo was used before for a previous loan for Joseph. It was first posted on Kiva on Jul, 2011. Learn More