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Stephen

Update on Stephen

Stephen used the previous loan to buy general merchandise to sell. He is a hardworking man living in Kagadi, Uganda. He has been operating a retail business for a period of 9 years. He started with capital he earned from agriculture, where he harvested maize and sold it at a very good price.

He says that price fluctuation is a factor affecting the business. He would like to educate his children and expand his business into new markets. Stephen intends to use a loan to buy sugar and salt to sell.

Previous Loan Details

Stephen is a hardworking man living in Kagadi, Uganda. He has been operating a retail business for a period of 8 years. He started with capital he earned from agriculture where he harvested maize and sold it at a very good price. He says that price fluctuation is a factor affecting the 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
  • 290
    View loans »
    Uganda Loans Fundraising
  • $30,664,300
    Funds lent in using Kiva
  • 2,681.0
    Uganda Shillings (UGX) = $1 USD

Success!! The loan was 100% repaid

A loan of $750 helped Stephen to buy sugar and salt to sell.
100% repaid
Repayment Term
10 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 20, 2012
Listed
Dec 4, 2012
Currency Exchange Loss:
Possible
Ended:
Jul 18, 2013
This photo was used before for a previous loan for Stephen. It was first posted on Kiva on Jul, 2012. Learn More