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Update on Grace

Grace was excited about her partnership with Kiva during the previous cycle. She now wants a loan to buy a piece of land in the area neighboring the school so that she can construct a structure to house her pupils since she intends to add another classroom because of the demand for her services in the area. She thinks this will help to adequately meet the needs of the community and therefore improve the quality of her services. She is hard working and honest.

Previous Loan Details

Grace is a 40-year-old widow with two children who are 13 and 17 years old, respectively. She also looks after one dependant. Grace has a nursery and daycare center within the city outskirts, which she started last year to increase her income to meet her family's demands and send her children ... More from Grace's previous loan »

Additional Information

More information about this loan

This loan is part of UGAFODE”s Micro Mortgage Loan program.  Many of these clients are currently renting and these loans allow them to own their home and provide for their families. This may be their first home, or renovation to homes not fit for habitation.  By building and renovating, borrowers who utilize these loans have improved health and safety through a stronger structure and better protection from the elements.  UGAFODE offers these loans to cover essential costs like labour and material so borrowers can provide adequate shelter and sanitation facilities for their families.

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
  • 168
    View loans »
    Uganda Loans Fundraising
  • $32,013,100
    Funds lent in using Kiva
  • 2,593.0
    Uganda Shillings (UGX) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,950 helped Grace to buy a piece of land.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
May 22, 2013
May 31, 2013
Currency Exchange Loss:
Jul 17, 2014
This photo was used before for a previous loan for Grace. It was first posted on Kiva on Jul, 2012. Learn More