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Silvano

Update on Silvano

Silvano used the previous loan to buy general merchandise such as salt and sugar to sell. With the proceeds he has been able to pay school fees for his children and increase his stock. He still has challenges of price fluctuations, inflation, and customers’ not paying on time but his dream is to own a wholesale shop and educate his children up to the university level. Silvano intends to use this loan to buy drinks and salt to sell.

Previous Loan Details

Silvano used the previous loan to buy sugar and soap for resale. However, his challenge has been price fluctuations, inflation, and customers not paying on time. Apart from his dream of owning a wholesale shop, he has a desire to educate his children. Silvano needs this loan to buy general mercha... More from Silvano'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

  • $1,500
    Average annual income
  • 279
    View loans »
    Uganda Loans Fundraising
  • $29,556,625
    Funds lent in using Kiva
  • 2,672.7
    Uganda Shillings (UGX) = $1 USD

Success!! The loan was 100% repaid

A loan of $575 helped Silvano to buy drinks and salt to sell.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 22, 2012
Listed
Jan 22, 2013
Currency Exchange Loss:
Possible
Ended:
Jan 17, 2014
This photo was used before for a previous loan for Silvano. It was first posted on Kiva on Mar, 2012. Learn More