Check out some available loans that are similar to this one!
Stephen

Update on Stephen

Stephen used the previous loan to buy maize, groundnuts and beans to sell. He is a 27-year-old married man who has been running a produce store for 13 years, having got start-up capital from farming. Inadequate capital is affecting the business.

He would like to expand his business to other areas within the district and educate his three children.

Stephen intends to use the new loan to purchase groundnuts to sell since the demand is very high.

Previous Loan Details

Stephen needs the loan to buy maize, groundnuts, and beans for resale. He is a 26-year-old hardworking man with four children living in Kagadi, Uganda. Price flactuation and inflation hinder his business. His dreams are educating his children and hiring employees to help him expand his business. More from Stephen's previous loan »

Additional Information

More information about this loan

This loan is part of HOFOKAM's program targeting poor and geographically excluded populations in Western Uganda. In addition to loans, it provides social and business training programs to low-income entrepreneurs and their communities. Since 2003, HOFOKAM has provided sustainable financial and non-financial services to promote social, economic and sustainable land development and improve the quality of life for vulnerable populations. The organization has a clear vested interest in underserved communities with its headquarters in rural Fort Portal and a number of branches in extremely remote areas.
 

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
  • 309
    View loans »
    Uganda Loans Fundraising
  • $30,664,350
    Funds lent in using Kiva
  • 2,584.8
    Uganda Shillings (UGX) = $1 USD
Expired
A loan of $1,175 helped Stephen to buy groundnuts to sell.
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 22, 2012
Listed
Nov 9, 2012
Currency Exchange Loss:
Possible
Expired:
Dec 9, 2012