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Dan

Update on Dan

Dan used the previous loan to buy local brew to sell. He is a 26-year-old man who has one child, and he lives in Kagadi, Uganda. For seven years he has been trading in a local brew, known as "waragi" to the people in Dan's area. He faces problems in his business -- namely, inadequate capital to buy raw materials, such as bananas, and customers who buy on credit but do not pay him on time. He would like to move his business to a more permanent location and expand it to other, new markets. Dan is requesting a loan to buy local brew to sell.

Previous Loan Details

Dan is a 25-year-old man with one child living in Kagadi, Uganda. For six years he has been trading in a local brew business, locally known as waragi. He faces a problem of inadequate capital to buy raw materials and customers not paying on time. He would like to move his business to a more... More from Dan'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

  • $1,500
    Average annual income
  • 279
    View loans »
    Uganda Loans Fundraising
  • $29,556,625
    Funds lent in using Kiva
  • 2,663.2
    Uganda Shillings (UGX) = $1 USD

Success!! The loan was 100% repaid

A loan of $575 helped Dan to buy local brew local brew to sell.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 15, 2013
Listed
Jan 17, 2013
Currency Exchange Loss:
Possible
Ended:
Aug 17, 2013
This photo was used before for a previous loan for Dan. It was first posted on Kiva on Sep, 2012. Learn More