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Geofrey

Update on Geofrey

Geofrey is a married man, age 35 with 7 children, 5 of whom are attending various schools. He is a businessman who deals in farm supplies, with a shop at Gunda Trading Centre. He says he works 7 days a week. He raises cattle and this brings him some side income.

He started this business in the year 2009 and he says it has been prosperous. He says that the reason he started this business is to take care of his family, and he has acquired this loan to buy more items/stock for the business so as to expand it. He says that his main clients are from the community in which he stays and neighbours.
Geofrey faces the challenges of bad debtors and the lack of enough funds to expand his business. He describes himself as a hardworking man.

Previous Loan Details

Geofrey is a new client from Kakuuto. He deals in cattle trading. He wants to buy more cows for trade. He wants a loan of One million Five hundred thousand shillings, over a period of ten months to boost his business. Geofrey is married and has 6 children, 5 of whom are in school. The profit f... More from Geofrey'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
  • 288
    View loans »
    Uganda Loans Fundraising
  • $31,111,650
    Funds lent in using Kiva
  • 2,604.3
    Uganda Shillings (UGX) = $1 USD
Expired
A loan of $1,175 helped Geofrey to buy items for sell in the retail shop.
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 28, 2013
Listed
May 30, 2013
Currency Exchange Loss:
Possible
Expired:
Jun 29, 2013
This photo was used before for a previous loan for Geofrey. It was first posted on Kiva on Jun, 2012. Learn More