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Paulo

Update on Paulo

Paulo used the previous loan to construct cottages, but due to high demand he needs more capital to construct more cottages. In his business, he faces challenges of seasonal weather and price fluctuations. His dream is building a permanent home,constructing shades for his customers and expanding the business into new markets. Paulo intends to use this loan to boost business by constructing grass thatched shades for his customers.

Previous Loan Details

Paulo used the previous loan to construct three cottages, but due to high demand he needs more capital to construct more cottages. In his business, he faces challenges of seasonal weather and price fluctuations. His dream is building a permanent home, diversifying the business and expanding the b... More from Paulo'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

  • $1,500
    Average annual income
  • 366
    View loans »
    Uganda Loans Fundraising
  • $29,766,150
    Funds lent in using Kiva
  • 2,591.9
    Uganda Shillings (UGX) = $1 USD

Success!! The loan was 100% repaid

A loan of $975 helped Paulo to construct grass thatched shades for his customers.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 24, 2013
Listed
May 23, 2013
Currency Exchange Loss:
Possible
Ended:
May 17, 2014