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Samuel

Update on Samuel

Samuel used the previous loan to buy mobile money cards for the business.

He is a 36-year-old businessman. He is married, has three children, and lives in Bundibugyo, Uganda. He deals in mobile transfer money services, and the business is very lucrative. He deals with a challenge of a poor network that, at some times, allows few or no transactions. His dream is to use the services of all five telecom companies, so as to spread the risks. His goals are to be the biggest supplier of mobile money transfer services in the area, and to own a printing company.

He has now diversified his business into T-shirt sales. Samuel intends to use the loan to buy T-shirts to sell.

Previous Loan Details

Samuel is a 36-year-old businessman. He is married with three children, and lives in Bundibugyo, Uganda. He deals in mobile money services and the business is very lucrative. He has a challenge: A poor network that leads to few or no transactions. His dream is to use services of all five telec... More from Samuel'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
  • 229
    View loans »
    Uganda Loans Fundraising
  • $31,013,475
    Funds lent in using Kiva
  • 2,654.5
    Uganda Shillings (UGX) = $1 USD

Success!! The loan was 100% repaid

A loan of $775 helped Samuel to buy T-shirts to sell.
100% repaid
Repayment Term
12 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 6, 2013
Listed
Feb 10, 2013
Currency Exchange Loss:
Possible
Ended:
Sep 17, 2013
This photo was used before for a previous loan for Samuel. It was first posted on Kiva on Sep, 2012. Learn More