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Update on Stephen

Stephen's children were able to study uninterrupted last term due to his previous loan that he used for their school fees. Therefore, their performance was better than previous terms. Now that they are in third term and looking forward to being promoted next year, Stephen is requesting another loan to help make full payments for his children's term fees. Exams are just around the corner and he wants his children to stay in school and concentrate rather than being sent home as a result of his half pay.

Stephen wants to thank UGAFODE and Kiva lenders for being partners with him in educating his children.

Previous Loan Details

Stephen is a forty-four-year-old married man with four children and three additional dependents. All the children and also the dependents are in school. Stephen is an agent of Britania, a local manufacturer of biscuits and juices in the city. He distributes to the customers and gets a commissi... More from Stephen's previous loan »

Additional Information

More information about this loan

This loan is part of UGAFODE's program for clients who live in isolated rural areas with limited access to financial services. Uniquely, UGAFODE focuses its efforts on agricultural areas in Uganda that are over 50 km from their branches, providing loans to both groups and individual borrowers. The organization believes that the risk of offering services to remote clients is outweighed by the benefits to customers and their often underserved communities.

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
  • 288
    View loans »
    Uganda Loans Fundraising
  • $31,076,375
    Funds lent in using Kiva
  • 2,609.9
    Uganda Shillings (UGX) = $1 USD

Success!! The loan was 100% repaid

A loan of $575 helped Stephen to pay school fees for his children.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Oct 19, 2012
Nov 15, 2012
Currency Exchange Loss:
Jan 16, 2013
This photo was used before for a previous loan for Stephen. It was first posted on Kiva on Jun, 2012. Learn More