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Getrude

Update on Getrude

Gertrude used the previous loan to buy beers, sodas, and bottled water to sell. She is a 53-year-old married woman with two children living in Kagadi, Uganda. She operates a retail shop where she sells mostly soft drinks. She got start-up capital after selling off her crops since she is also a farmer. Inadequate capital and price fluctuations are factors affecting her business. She would like to educate her children and hire employees to help her expand her business. Gertrude is requesting a loan to buy beers, sodas, and bottled water to sell.

Previous Loan Details

Gertrude is a 53-year-old married woman with two children living in Kagadi, Uganda. She operates a retail shop where she sells mostly soft drinks. She got start-up capital after selling off her crops since she is also a farmer. Inadequate capital and price fluctuations are factors affecting her… More from Getrude'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
  • 102
    View loans »
    Uganda Loans Fundraising
  • $28,637,175
    Funds lent in using Kiva
  • 2,659.9
    Uganda Shillings (UGX) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,150 helped Getrude to buy beers, sodas, and bottled water to sell.
100% repaid
Repayment Term
10 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 23, 2013
Listed
Feb 8, 2013
Currency Exchange Loss:
Possible
Ended:
Oct 17, 2013