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Robert

Update on Robert

Robert used the previous loan to pay school fees for his children. He is a 55-year-old married man with four children living in Kasese,Uganda. He has been selling beer and soft drinks for 15 years. He started with five million shillings and now has over 30 million shillings as working capital. His hardships are taxes, customers not paying on time, price fluctuations and inflation. His personal goal is educating his children and his business goal is expanding the business into new markets. Robert intends to use the loan to buy beer and soda to sell ahead of the Christmas season when demand is very high.

Previous Loan Details

Robert is a fifty-five-year-old married man with four children living in Kasese, Uganda. He has been selling beer and soft drinks for fifteen years. He started with five million shillings and now has thirty million shillings as working capital. His hardships are taxes, customers not paying on... More from Robert'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 Uganda

  • $1,800
    Average annual income
  • 302
    View loans »
    Uganda Loans Fundraising
  • $30,664,350
    Funds lent in using Kiva
  • 2,670.0
    Uganda Shillings (UGX) = $1 USD

Success!! The loan was 100% repaid

A loan of $750 helped Robert to buy beer and soda to sell.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 11, 2012
Listed
Dec 17, 2012
Currency Exchange Loss:
Possible
Ended:
Jul 18, 2013