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Paul

Update on Paul

Paul used the previous loan to buy stock to sell. He is a 61-year old married man with children living in Fort Portal, Uganda. He owns a pub which he started ten years ago using personal savings. His major challenge is inadequate capital to purchase inventory while his dream is to educate his children up to university level and to move the business to a more permanent location. Paul intends to use the loan to buy more crates of beer and sodas to sell.

Previous Loan Details

Paul is a 61-year old married man with children living in Fort Portal, Uganda. He owns a pub which he started ten years ago through personal savings. His major challenge is inadequate capital to purchase inventory. His dream is to educate his children and to move the business to a more permanent ... More from Paul'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
  • 265
    View loans »
    Uganda Loans Fundraising
  • $30,713,300
    Funds lent in using Kiva
  • 2,557.5
    Uganda Shillings (UGX) = $1 USD

Success!! The loan was 100% repaid

A loan of $400 helped Paul to buy more crates of beer and sodas.
100% repaid
Repayment Term
10 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 10, 2013
Listed
Apr 26, 2013
Currency Exchange Loss:
Possible
Ended:
Jan 20, 2014