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Jackson

Update on Jackson

Jackson is a 59-year-old married man living in Kasese Uganda. His personal goal is to educate his children and buy a car. He has been dealing in the sale of clothes for the last eight years. His major hardship is finding customers. However, he has a goal of expanding his business to new markets and setting up a modern boutique. Jackson needs the loan to buy maize and beans to sell.

Previous Loan Details

Jackson, age 58, is a vendor of farm produce, a business in which he has been engaged for seven years. He also sells secondhand clothes. He generated his initial capital from farming. His primary hardship is price fluctuation. He has a vision of expanding his business so that he can provide f... 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
  • 416
    View loans »
    Uganda Loans Fundraising
  • $30,366,425
    Funds lent in using Kiva
  • 2,485.0
    Uganda Shillings (UGX) = $1 USD

Success!! The loan was 100% repaid

A loan of $650 helped Jackson to buy maize and beans to sell.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 16, 2012
Listed
Mar 26, 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 Jul, 2011. Learn More