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Laura

Update on Laura

Laura used the previous loan to buy clothes to sell. She is a 39-year-old married woman with two children living in her own house in Fort Portal, Uganda. She still has a personal goal to educate her children up to university level.

She sells clothes and has been in business for 11 years, and the business is still profitable. She has a challenge of limited finances to meet the different needs of her customers. Her desire is to own a boutique in the city. Laura needs another loan to buy clothes for selling.

Previous Loan Details

Laura is a thirty-eight-year-old married woman with two children living in her own house in Fort Portal, Uganda, longing to educate her children up to university level. She sells clothes and has been in business for ten years. It is at its boom stage. She still has a challenge of limited finances... More from Laura'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
  • 233
    View loans »
    Uganda Loans Fundraising
  • $31,032,525
    Funds lent in using Kiva
  • 2,472.0
    Uganda Shillings (UGX) = $1 USD

Success!! The loan was 100% repaid

A loan of $375 helped Laura to buy clothes for sale.
100% repaid
Repayment Term
10 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 18, 2012
Listed
Jun 9, 2012
Currency Exchange Loss:
Possible
Ended:
Jan 16, 2013
This photo was used before for a previous loan for Laura. It was first posted on Kiva on Jan, 2011. Learn More