Update on AgnesAgnes's daughter, now in senior six, will be able to complete her final year this term. The other two children are also progressing in school. Agnes is so grateful for UGAFODE and the lenders Kiva has brought her. Her children have been able to attend decent schools because of the loans, which would have been different if it had not been for the support of the loans. Her poultry business is also booming since she does not have to stretch it by drawing working capital from it.
Previous Loan DetailsAgnes is a 41-year-old married woman with four children who all attend school. She also looks after two dependants and pays school fees for one of them. Agnes has been taking loans to pay school fees for her children since they joined secondary school. One of them is now in senior six. She has... More from Agnes's previous loan »
More information about this loan
This loan is part of UGAFODE’s Higher Education loan program. These loans are for adults paying for University fees or vocational training to enable them to receive training that they otherwise could not afford. With cost as the main obstacle for students to obtain Higher Education, these loans overcome that hurdle giving workable repayment terms to match the borrowers’ needs. UGAFODE offers these loans to cover not only school fees but the essential costs surrounding education like books, technology as needed, housing, etc.
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.
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Success!! The loan was 100% repaid
- Repayment Term
- 6 months (Additional Information)
- Repayment Schedule
- Sep 7, 2012
- Sep 26, 2012
- Currency Exchange Loss:
- Feb 15, 2013
Photo from previous loan
Kiva allows our Field Partners to re-use the same photo for individual borrowers that have been posted on Kiva's website once before in a 24 month period, and we allow them to re-use group photos for up to 24 months, provided that 80% of the current group's membership is represented.
Taking, collecting, and uploading photos of borrowers is one of the most challenging elements of using Kiva for our Field Partners. In order to make Kiva easier for Field Partners to use, we have allowed them to post successive and concurrent loans without taking a new photo of the borrower if the criteria above are met.