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Clovis

Update on Clovis

Clovis used the previous loan to buy cattle and local brew for selling at a profit. He faces a challenge of price fluctuation and seasonal weather. His dream is educating his children and diversifying the business. Clovis needs this loan to buy a plot of land so as to construct a commercial house.

Previous Loan Details

Clovis is a dealer in local brew and cattle. He lives in Fort Portal, Uganda with his wife and five children aged 16, 14, 12, 8 and 4 years old. He looks after a family of 11 people in a house he constructed for the family. He has been into the cattle business for most of his life since childhood... More from Clovis'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
  • 157
    View loans »
    Uganda Loans Fundraising
  • $28,711,800
    Funds lent in using Kiva
  • 2,365.0
    Uganda Shillings (UGX) = $1 USD

Success!! The loan was 100% repaid

A loan of $850 helped Clovis to buy a plot of land so as to construct a commercial house.
100% repaid
Repayment Term
12 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 9, 2012
Listed
Mar 8, 2012
Currency Exchange Loss:
Possible
Ended:
Jan 16, 2013
This photo was used before for a previous loan for Clovis. It was first posted on Kiva on Oct, 2010. Learn More