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Update on Bonny

Bonny is a hardworking man living in Fort Portal Uganda. He used the previous loan to buy firewood to sell to schools and reaped a lot of profits. His personal goal is to educate his children, and his business goal is to expand his firewood business as it has proved to be very lucrative. His main hardships are price fluctuations and inflation. Bonny needs a loan to buy trees for firewood.

Previous Loan Details

Bonny is a 48-year-old married man with three children, living in a semi-permanent house in Fort Portal, Uganda. His dream is to educate his children up to university. He has been cutting and selling firewood to schools around the area and has done the business for twenty-two years now. His majo... More from Bonny'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

  • $1,800
    Average annual income
  • 279
    View loans »
    Uganda Loans Fundraising
  • $31,089,375
    Funds lent in using Kiva
  • 2,475.0
    Uganda Shillings (UGX) = $1 USD

Success!! The loan was 100% repaid

A loan of $625 helped Bonny to buy trees for firewood.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Apr 11, 2012
May 12, 2012
Currency Exchange Loss:
Nov 15, 2012
This photo was used before for a previous loan for Bonny. It was first posted on Kiva on Aug, 2011. Learn More