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Bosco

Update on Bosco

Bosco used the previous loan to buy rice and sugar to offer for sale. He is facing hardships in price fluctuations and in having inadequate capital for purchasing enough stock to meet the high demand. He has a vision of expanding his business to new markets, and his personal goal is to educate his children.

He is requesting a loan to buy rice and sugar to offer for sale.

Previous Loan Details

Bosco is a thirty-eight-year-old married man with five children who owns a house in Kasese, Uganda. He has been operating a retail shop for five years which he started with 500,000 shillings. He now has 3,000,000 shillings as his working capital. His hardship is the lack of enough capital to ... More from Bosco'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
  • 275
    View loans »
    Uganda Loans Fundraising
  • $29,599,275
    Funds lent in using Kiva
  • 2,485.0
    Uganda Shillings (UGX) = $1 USD

Success!! The loan was 100% repaid

A loan of $825 helped Bosco to buy rice and sugar to offer for sale.
100% repaid
Repayment Term
12 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 9, 2012
Listed
Mar 25, 2012
Currency Exchange Loss:
Possible
Ended:
Feb 15, 2013
This photo was used before for a previous loan for Bosco. It was first posted on Kiva on Aug, 2011. Learn More