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Aziz

Update on Aziz

Aziz used the previous loan to buy a motorcycle for his transport business. He is a married hardworking man living Bundibugyo, Uganda. He is involved in the transport business and also owns a retail shop. Price fluctuations, customers not paying on time, and high taxes pose a challenges to his growth.

His personal goals are to educate his children and build a permanent home while business goal is to own at least five motorcycles since his business is very lucrative and he has so far bought two motorcycles.

Aziz intends to use the loan to buy a new motorcycle and he expects the hired rider to remit 80% of the daily earnings.

Previous Loan Details

Aziz is a married businessman living Bundibugyo, Uganda. He owns a used motorcycle for his transportation business and also owns a retail shop. Price fluctuations, customers not paying on time, and high taxes are the main challenges he is facing. His personal goals are to educate his children and... More from Aziz'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
  • 289
    View loans »
    Uganda Loans Fundraising
  • $31,090,750
    Funds lent in using Kiva
  • 2,600.0
    Uganda Shillings (UGX) = $1 USD

Success!! The loan was 100% repaid

A loan of $775 helped Aziz to buy a new motor cycle.
100% repaid
Repayment Term
10 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 20, 2013
Listed
Jun 25, 2013
Currency Exchange Loss:
Possible
Ended:
Feb 17, 2014
This photo was used before for a previous loan for Aziz. It was first posted on Kiva on Aug, 2012. Learn More