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

Update on Abigumira

Abigumira is 41 years old and lives in the town of Kyenjojo, in the Mubende region of Uganda. He is married and has four children, three of them currently in school. For the past six years, Abigumira has been working hard to manage his retail shop, where he sells various items, such as sugar, salt and cooking oil.

To help expand his business, Abigumira has requested a loan of 2,000,000 Ugandan Shillings from BRAC Uganda. He will use the loan to buy more essential commodities, such as milk, cooking oil, sugar, and salt, to resell. This will help Abigumira to generate greater profits and pay his children's school fees. Abigumira hopes that in the future he will be able to own a bigger and well-stocked shop.

Abigumira is a member of BRAC's Small Enterprise Program (SEP). The program primarily serves small entrepreneurs like Abigumira, who do not have enough collateral for commercial loans, but have businesses that have grown too large for microloans.

Previous Loan Details

Abigumira, age 40, lives in the town of Kyenjojo in the Mubende region of Uganda. He and his wife have four children who are all currently enrolled in school. For the past three years, Abigumira has been working hard to manage his retail shop, which sells soap, sugar, and cooking oil. To help... More from Abigumira'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
  • 359
    View loans »
    Uganda Loans Fundraising
  • $30,344,450
    Funds lent in using Kiva
  • 2,699.9
    Uganda Shillings (UGX) = $1 USD

Success!! The loan was 100% repaid

A loan of $750 helped Abigumira to buy more basic items, like soap, sugar, and cooking oil, to offer for sale.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 20, 2012
Listed
Dec 10, 2012
Currency Exchange Loss:
Possible
Ended:
Dec 17, 2013
This photo was used before for a previous loan for Abigumira. It was first posted on Kiva on Nov, 2011. Learn More