Update on DanDan is fifty years old and lives in the town of Gaba, in the Kampala South region of Uganda. He is married and has six children. Dan has been working hard to manage his butcher shop where he sells meat.
To help expand his business, Dan has requested a loan of 2,500,000 Ugandan Shillings from BRAC Uganda. The loan will be used to buy other kinds of meats during the festive season. It will help Dan to generate greater profits and enable him to make more profits. Dan hopes that, in the future, he will be able to have a quality butcher shop in his area.
Dan is a member of BRAC's Small Enterprise Program (SEP). The program primarily serves small entrepreneurs like Dan who do not have enough collateral for commercial loans, but have businesses that have grown too large for microloans.
Previous Loan DetailsDan is 50 years old and lives in the town of Ggaba in the Kampala South region of Uganda. He is married and has 6 children. For the past 6 years, Dan has been working hard to manage his butcher shop, which sells meat. To help expand his business, Dan has requested a loan of 2,000,000 Ugandan ... More from Dan's previous loan »
About BRAC UgandaThis 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.
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