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Harrison

Update on Harrison

22-year-old Harrison used his previous loan to buy general merchandise to sell. He is a married man with one child living in Bundibugyo, Uganda. After failing to continue with school, he decided to set up a retail shop with money he had saved up from from casual labor and coffee sales, both of which he still does.

Harrison is the bread winner of the family and his dream is to educate his child up to the university level and own a wholesale shop. His limited capital can make it difficult to meet the increasing demands of his customers. Harrison intends to use this loan to buy general merchandise such as soap and sugar to sell.

Previous Loan Details

Twenty two year old Harrison is a married man with one child living in Bundibugyo, Uganda. After failing to continue with school he decided to set up a retail shop with his savings earned from casual labor and coffe sales which he still does. He is the bread winner of the family and his dream is ... More from Harrison'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
  • 379
    View loans »
    Uganda Loans Fundraising
  • $30,352,075
    Funds lent in using Kiva
  • 2,645.0
    Uganda Shillings (UGX) = $1 USD

Success!! The loan was 100% repaid

A loan of $400 helped Harrison to buy general merchadise such as soap and sugar to sell.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 19, 2013
Listed
Mar 10, 2013
Currency Exchange Loss:
Possible
Ended:
Nov 18, 2013
This photo was used before for a previous loan for Harrison. It was first posted on Kiva on Sep, 2012. Learn More