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Vereryano

Update on Vereryano

Vereryano is a 50-year-old married man living in a semi-permanent house in Kyenjojo, Uganda. He used his previous loan to buy maize and coffee to sell. Vereryano is a farmer who also trades in coffee and maize. He dreams of educating his four children, building a permanent house and buying a car or motorcycle to ease his transportation problems. Vereryano intends to use the loan to buy maize and coffee to sell.

Previous Loan Details

Vereryano, aged 50, is a married man living in a semi-permanent house in Kyenjojo, Uganda. He is a farmer and deals in coffee and maize produce. He dreams of educating his four children, building a permanent house and buying a car or motorcycle to ease transportation problems. He wants a loan to ... More from Vereryano'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
  • 291
    View loans »
    Uganda Loans Fundraising
  • $31,075,950
    Funds lent in using Kiva
  • 2,659.6
    Uganda Shillings (UGX) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,150 helped Vereryano to buy maize and coffee to sell.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 23, 2013
Listed
Feb 6, 2013
Currency Exchange Loss:
Possible
Ended:
Dec 18, 2013
This photo was used before for a previous loan for Vereryano. It was first posted on Kiva on Mar, 2012. Learn More