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Bukeru

Update on Bukeru

Bukeru has been busy growing his business since his last Kiva loan!

To continue expanding his food stall further, Bukeru has requested a loan of 2,000,000 Ugandan Shillings from BRAC Uganda. The loan will be used to buy more items like passion fruit and other vegetables to sell, and will help Bukeru to generate greater profits and improve his standard of living with the additional profits. Bukeru hopes that in the future he will have a large grocery.

Previous Loan Details

Bukeru is 43 years old and lives in the town of Bugiri, which is located in the Iganga region of Uganda. He is married and has three children, two of whom are currently in school. For the past 24 years, Bukeru has been working hard to manage and operate his grocery store, which sells food and home… More from Bukeru's previous loan »

Additional Information

About BRAC Uganda

This loan is administered by BRAC Uganda, a registered non-governmental organization (NGO) in Uganda that is also a part of the BRAC international network. BRAC Uganda attempts to address poverty through a holistic model, offering programs in education, health, water & sanitation, agriculture, and microfinance. BRAC Uganda’s microfinance program aims to provide the poor with easy, reliable, and efficient access to institutional financial services, and reaches over 150,000 families in Uganda. For more on BRAC Uganda, please see our partner page, and join our lending team, Friends of BRAC Uganda.

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
  • 140
    View loans »
    Uganda Loans Fundraising
  • $28,282,425
    Funds lent in using Kiva
  • 2,535.0
    Uganda Shillings (UGX) = $1 USD

Success!! The loan was 100% repaid

A loan of $800 helped Bukeru to buy additional food items like passion fruit and Irish potatoes.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 12, 2012
Listed
Oct 6, 2012
Currency Exchange Loss:
Possible
Ended:
Oct 24, 2013
This photo was used before for a previous loan for Bukeru. It was first posted on Kiva on Oct, 2011. Learn More