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Muhamad

Update on Muhamad

muhamed, has open a new shop and employed a staff to run that shop, and he is planning to buy a new fridge.

Previous Loan Details

Muhamad is a 32-year-old businessman who lives in Juba. He is married and has three children between the ages of four and 10. Two of them go to school. Muhamad runs a food store business, and he has been in the business for nine years. He has no employees. Muhamad heard about Finance Sudan fr... More from Muhamad'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

  • $1,400
    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 $750 helped Muhamad to purchase items like milk, cooking oil, biscuits, sweets, Nomi, and others.
66% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 5, 2012
Listed
Jun 13, 2012
Currency Exchange Loss:
Possible
Ended:
Feb 17, 2013
This photo was used before for a previous loan for Muhamad. It was first posted on Kiva on Dec, 2011. Learn More