Update on ApophiaApophia is 27 years old and lives in the town of Wobulenzi in the Luwero region of Uganda. She is married and has 2 child with one of them currently in school. For the past three years, Apophia has been working hard to manage her Agro chemical store, which sells seed fertilizers.
To help expand her business, Apophia has requested a loan of 3,000,000 Ugandan Shillings from BRAC Uganda. The loan will be used to buy seed fertilizers for her to sell, and will help Apophia to generate greater profits and save money to pay fees for the children. Apophia hopes that in the future she will be able to be more productive .
Apophia is a member of BRAC's Small Enterprise Program (SEP). The program primarily serves small entrepreneurs like Apophia who do not have enough collateral for commercial loans, but have businesses that have grown too large for microloans.
Previous Loan DetailsApophia is 26 years old and lives in the town of Wobulenzi, in the Luweero region of Uganda. She is married and has one child. For the past year, Apophia has been working hard to manage her agro shop, which sells agro chemicals. To help expand her business, Apophia has requested a loan of 2,0... More from Apophia's previous loan »
About BRAC UgandaThis loan is administered by BRAC Uganda, a registered non-governmental organization (NGO) in Uganda that is also a part of the BRAC international network. BRAC Uganda attempts to address poverty through a holistic model, offering programs in education, health, water & sanitation, agriculture, and microfinance. BRAC Uganda’s microfinance program aims to provide the poor with easy, reliable, and efficient access to institutional financial services, and reaches over 150,000 families in Uganda. For more on BRAC Uganda, please see our partner page, and join our lending team, Friends of BRAC Uganda.
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.
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Success!! The loan was 100% repaid
- Repayment Term
- 14 months (Additional Information)
- Repayment Schedule
- Feb 12, 2013
- Mar 22, 2013
- Currency Exchange Loss:
- Mar 21, 2014
Photo from previous loan
Kiva allows our Field Partners to re-use the same photo for individual borrowers that have been posted on Kiva's website once before in a 24 month period, and we allow them to re-use group photos for up to 24 months, provided that 80% of the current group's membership is represented.
Taking, collecting, and uploading photos of borrowers is one of the most challenging elements of using Kiva for our Field Partners. In order to make Kiva easier for Field Partners to use, we have allowed them to post successive and concurrent loans without taking a new photo of the borrower if the criteria above are met.