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Jackson

Update on Jackson

Jackson used his previous loan to buy maize and beans to offer for sale. His major hardships are price fluctuations, customers not paying on time, and inadequate capital to purchase enough stock. However, he has a vision of diversifying his business to include farming.

He maintains the personal goals of educating his children and building a permanent house.

Jackson intends to buy maize and beans to offer for sale with this loan.

Previous Loan Details

Jackson is a thirty-one year-old married man with six children. He owns a house in Kasese, Uganda. He has been in the produce business for three years and he has been able to reap tangible results. His hardship is pests that affect the food while in storage. His dream is to have a large food s... More from Jackson'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
  • 317
    View loans »
    Uganda Loans Fundraising
  • $29,617,400
    Funds lent in using Kiva
  • 2,485.0
    Uganda Shillings (UGX) = $1 USD

Success!! The loan was 100% repaid

A loan of $925 helped Jackson to buy maize and beans to offer for sale.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 5, 2012
Listed
Mar 25, 2012
Currency Exchange Loss:
Possible
Ended:
Apr 18, 2013
This photo was used before for a previous loan for Jackson. It was first posted on Kiva on Jun, 2011. Learn More