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Paulo

Update on Paulo

Paulo used the previous loan to construct three cottages, but due to high demand he needs more capital to construct more cottages. In his business, he faces challenges of seasonal weather and price fluctuations. His dream is building a permanent home, diversifying the business and expanding the business into new markets. Paulo needs this loan to boost business by constructing more cottages.

Previous Loan Details

Paulo is a 34-year-old hardworking man with a child living in his own house in Fort Portal, Uganda. For three years, he has been operating a guesthouse and business is still feasible, as he has not encountered any major hardship. His dream is to own a well-established hotel with at least four… More from Paulo'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
  • 166
    View loans »
    Uganda Loans Fundraising
  • $28,315,525
    Funds lent in using Kiva
  • 2,482.0
    Uganda Shillings (UGX) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,225 helped Paulo to construct more cottages.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 16, 2012
Listed
Mar 28, 2012
Currency Exchange Loss:
Possible
Ended:
Apr 18, 2013
This photo was used before for a previous loan for Paulo. It was first posted on Kiva on Sep, 2011. Learn More