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Kihika

Update on Kihika

Kihika used the previous loan to buy welding materials for making doors and windows. He is a 43-year-old, hard-working man, living in Kagadi, Uganda. He has been running a welding business for four years, having started as a carpenter. Price fluctuations and inadequate capital are affecting the growth of his business, while his goals are to expand the business to new areas, buy land to grow crops, and educate his eight children.

Kihika intends to use the loan for welding materials, for making doors and windows.

Previous Loan Details

Kihika is 43 years old. He lives in Kagadi, Uganda. He has been running a welding business for four years having started as a carpenter. Kihika is requesting a loan, which he will use to buy welding materials for making doors and windows. Price fluctuations and inadequate capital are affect... More from Kihika'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
  • 272
    View loans »
    Uganda Loans Fundraising
  • $30,713,300
    Funds lent in using Kiva
  • 2,720.2
    Uganda Shillings (UGX) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,125 helped Kihika to purchase welding materials for making doors and windows.
100% repaid
Repayment Term
12 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 19, 2012
Listed
Jan 8, 2013
Currency Exchange Loss:
Possible
Ended:
Nov 20, 2013
This photo was used before for a previous loan for Kihika. It was first posted on Kiva on Aug, 2012. Learn More