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Jacob

Update on Jacob

Jacob is a 52-year-old businessman who lives in Juba. He is married, and has 4 children between the ages of 15and 25. Four go to school.

Jacob runs a general store, and has been in business for 5 years. An employee of his heard about Finance Sudan through other clients and he is taking a loan of 3000
SDG to purchase more goods. In addition to this business, no.

In 5 years,open many branches. he hopes to employ more people.

His major challenges include inflation in the market.

More loans should to be given.

Previous Loan Details

Jacob is a 42-year-old business man, who lives in Juba. He is married and has 6 children between the ages of 28 and 6. All of them go to school. Jacob runs a food store business, and he has been in this business for 3 years. He has 1 employee. Jacob heard about Finance Sudan from outreach an... More from Jacob'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 South Sudan

  • $2,000
    Average annual income
  • 0
    View loans »
    South Sudan Loans Fundraising
  • $2,343,750
    Funds lent in using Kiva
  • 2.7
    Sudan Pounds (SDG) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $1,125 helped Jacob to purchase more items like soda, milk, drinking water, and others.
66% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 30, 2012
Listed
Jun 19, 2012
Currency Exchange Loss:
Possible
Ended:
Jan 15, 2013
This photo was used before for a previous loan for Jacob. It was first posted on Kiva on Dec, 2011. Learn More