Check out other loans that are currently fundraising!
Richard

Update on Richard

Richard, who used his previous loan to buy sugar to sell, is a 31-year-old married man living in Kamwenge, Uganda. He has been operating a retail shop for the last three years, and with the income earned he has been able to restock his business and pay school fees. His main hardship is high taxes.



Nevertheless, Richard intends to work hard to attain his goal of expanding his business into new markets and buying land to grow crops. He is now requesting a loan to buy maize flour to sell.

Previous Loan Details

Richard, 31, is a married man living in Kamwenge, Uganda. He has been operating a retail shop for the last three years and with the income he has been able to restock his business and pay school fees. His main hardship is high taxes. Nevertheless, he intends to work hard and attain his goal of... More from Richard'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
  • 232
    View loans »
    Uganda Loans Fundraising
  • $31,013,475
    Funds lent in using Kiva
  • 2,647.0
    Uganda Shillings (UGX) = $1 USD

Success!! The loan was 100% repaid

A loan of $575 helped Richard to buy maize flour to sell.
100% repaid
Repayment Term
10 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 13, 2013
Listed
Mar 13, 2013
Currency Exchange Loss:
Possible
Ended:
Nov 22, 2013
This photo was used before for a previous loan for Richard. It was first posted on Kiva on Nov, 2012. Learn More