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Richard Ladu

Update on Richard Ladu

Richard, a serious businessman who lives in yei, achieved the following with his previous loan: he increased his stock, and he sent one of his children to school.

Now Richard is taking a new loan, to buy more shoes, sandals and many other items, for his inventory. He says that he is happy to receive the loan.

Previous Loan Details

Richard is a 25-year-old businessman who lives in Juba. He is married and has two children between the ages of one and four. Neither of them goes to school. Richard runs a general store and has been in business for five years. He has one employee. He heard about Finance Sudan through other cli... More from Richard Ladu's previous loan »

Additional Information

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 South Sudan

  • $2,000
    Average annual income
  • 0
    View loans »
    South Sudan Loans Fundraising
  • $2,343,750
    Funds lent in using Kiva
  • 3.2
    South Sudanese Pounds (SSP) = $1 USD

Success!! The loan was 100% repaid

A loan of $650 helped Richard Ladu to buy more items, like shoes and sandals, to resell.
100% repaid
Repayment Term
9 months (Additional Information)
Repayment Schedule
Nov 30, 2012
Jan 9, 2013
Currency Exchange Loss:
Jun 17, 2013
This photo was used before for a previous loan for Richard Ladu. It was first posted on Kiva on Jul, 2012. Learn More