Check out some available loans that are similar to this one!
Patrick

Update on Patrick

Patrick used the previous loan to buy maize to sell. He is a 41-year-old, married man, living in Fort Portal, Uganda. He has a personal goal of educating his children to attain degrees.

Patrick has been running an agriculture produce business for the last six months and the business is steadily growing. He faces the hardship of inadequate capital to purchase stock, while his vision is to diversify his business to include farming, which he has already started, and to expand to new markets.

Patrick intends to use the loan to buy maize to sell.

Previous Loan Details

Patrick, 41, is married and lives in Fort Portal, Uganda. He has a personal goal of educating his children to attain degrees. He has been running a food produce business for the last six months and the business is steadily growing. He has been facing the hardship of inadequate capital to purchase... More from Patrick'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
  • 224
    View loans »
    Uganda Loans Fundraising
  • $29,088,225
    Funds lent in using Kiva
  • 2,593.0
    Uganda Shillings (UGX) = $1 USD

Success!! The loan was 100% repaid

A loan of $775 helped Patrick to buy maize to sell.
100% repaid
Repayment Term
12 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 13, 2013
Listed
Apr 8, 2013
Currency Exchange Loss:
Possible
Ended:
Oct 21, 2013
This photo was used before for a previous loan for Patrick. It was first posted on Kiva on May, 2012. Learn More