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Lwanga

Update on Lwanga

Lwanga is a 29-year-old married man in Kagadi, Uganda. He has 3 children, ages 11, 7 and 4. Lwanga has been selling alcohol since 2008 to get money and expand his business. He also earns money from a phone charging system and a saloon. He serves the people of Hoima and around Kagadi. He hopes to build a good home and to educate his children but his challenge is price fluctuation. He wants a loan to buy more alcohol to resell.

Previous Loan Details

Lwanga is a 28 -year-old married man. For five years now, he has run a business selling local brew. He started as a boda boda cyclist and got startup capital for the business he is running now. Some challenges he faces are inadequate capital and high fuel costs, which affect the cost of productio... More from Lwanga'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
  • 235
    View loans »
    Uganda Loans Fundraising
  • $31,036,700
    Funds lent in using Kiva
  • 2,587.0
    Uganda Shillings (UGX) = $1 USD
Expired
A loan of $1,175 helped Lwanga to buy more alcohol to sell.
Repayment Term
12 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 14, 2013
Listed
Jun 15, 2013
Currency Exchange Loss:
Possible
Expired:
Jul 15, 2013