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Francis

Update on Francis

Francis is a forty-seven-year-old married man with three children. He lives in Kasese Uganda and has a personal goal of educating his children. Francis has been in the transport sector for over twenty years and his biggest business challenge is the high cost of fuel. He has a goal of owning at least six motorcycles for his transport business. Francis needs a loan to buy another motorcycle for his transport business.

Previous Loan Details

Francis is a 46-year-old married man with three children. He owns a house in Kasese, Uganda. Francis has been in the transport business for 20 years. He acquired capital to buy a car from farming. His main hardship is traffic officers who demand money, even when he is not in the wrong. His vision... More from Francis'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
  • 316
    View loans »
    Uganda Loans Fundraising
  • $29,747,050
    Funds lent in using Kiva
  • 2,450.0
    Uganda Shillings (UGX) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,450 helped Francis to buy a motorcycle.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 24, 2012
Listed
Mar 12, 2012
Currency Exchange Loss:
Possible
Ended:
Apr 18, 2013
This photo was used before for a previous loan for Francis. It was first posted on Kiva on Jul, 2011. Learn More