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Patricia

Update on Patricia

Patricia used the previous loan to buy soft drinks and food for her restaurant. The 53-year-old widow still stays in Kagadi, Uganda. With the profits, she has been able to promptly pay school fees for her last born child. She has challenges such as inadequate capital to meet the different preferences of clients. Her dream is to have one of the biggest hotels in the area and a wholesale shop. Patricia intends to use this loan to buy food and general merchandise like sugar, salt, and soap.

Previous Loan Details

Patricia is a 52-year-old widow from Kagadi, Uganda who owns a restaurant in the same town. She started this business with 250,000 shillings but now her business is worth 3,000,000 shillings. With this business, she has been able to educate her 10 children and buy land. Inadequate capital is… More from Patricia'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
  • 150
    View loans »
    Uganda Loans Fundraising
  • $28,315,525
    Funds lent in using Kiva
  • 2,480.0
    Uganda Shillings (UGX) = $1 USD

Success!! The loan was 100% repaid

A loan of $825 helped Patricia to buy food and general merchandise like sugar, salt, and soap.
100% repaid
Repayment Term
12 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 9, 2012
Listed
May 17, 2012
Currency Exchange Loss:
Possible
Ended:
Mar 18, 2013
This photo was used before for a previous loan for Patricia. It was first posted on Kiva on Jan, 2012. Learn More