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Mary

Update on Mary

Mary is 46 years old, married, and a mother to four children. She is a resident of Kagadi, Uganda, and is currently building a home for her family.

Mary owns a retail shop where she sells general merchandise. She has been in this business for 13 years, and also farms to supplement her business. A major challenge she faces is inadequate capital. Mary is requesting a loan to buy sugar, soap, and cooking oil to sell in her shop.

She dreams of working in the wholesale industry in the future.

Previous Loan Details

Mary is a married woman, aged 45 years, with four children. She owns a retail shop that has run for a period of 12 years. She wants a loan to buy sugar, soap, and cooking oil for sale. She says inadequate capital is affecting the business. She would like to buy a car and educate her ch... More from Mary'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

  • $1,800
    Average annual income
  • 241
    View loans »
    Uganda Loans Fundraising
  • $31,036,700
    Funds lent in using Kiva
  • 2,588.0
    Uganda Shillings (UGX) = $1 USD

Success!! The loan was 100% repaid

A loan of $775 helped Mary to buy sugar, soap, and cooking oil to sell.
100% repaid
Repayment Term
12 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 15, 2013
Listed
May 27, 2013
Currency Exchange Loss:
Possible
Ended:
Apr 17, 2014