Update on JohnJohn, 34, is married with four children who are 12, 10, 7 and 4 years old. Three of the children attend school, and he is paying their school fees. John is a poultry farmer and he has been doing this since 2000 as a major source of income to support his family.
Previously, John borrowed UGX 1,000,000 from Ugafode so that he could expand his poultry business. With that loan, John says he was able to increase the number of eggs produced.
John now wants another loan of UGX1,500,000 to buy more chicks and poultry feed so that he can increase his returns.
John's dream is to buy a vehicle to help him transport the feed to the farm, as well as transporting eggs to the markets.
The challenge John faces is the risky nature of the business, plus the increase in the prices of feed and chicks.
Previous Loan DetailsJohn is a married man, aged 33 years, with four children who are all school going. He and his wife sell eggs in Kagadi town, a business they operate six days a week. He also vends newspapers as an additional source of income for the family. He wants a loan of 1,000,000 shillings to add to his… More from John's previous loan »
More information about this loan
This loan is part of UGAFODE's program for clients who live in isolated rural areas with limited access to financial services. Uniquely, UGAFODE focuses its efforts on agricultural areas in Uganda that are over 50 km from their branches, providing loans to both groups and individual borrowers. The organization believes that the risk of offering services to remote clients is outweighed by the benefits to customers and their often underserved communities.
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.
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Success!! The loan was 100% repaid
- Repayment Term
- 12 months (Additional Information)
- Repayment Schedule
- Jun 14, 2013
- Jun 27, 2013
- Currency Exchange Loss:
- Mar 17, 2014
Photo from previous loan
Kiva allows our Field Partners to re-use the same photo for individual borrowers that have been posted on Kiva's website once before in a 24 month period, and we allow them to re-use group photos for up to 24 months, provided that 80% of the current group's membership is represented.
Taking, collecting, and uploading photos of borrowers is one of the most challenging elements of using Kiva for our Field Partners. In order to make Kiva easier for Field Partners to use, we have allowed them to post successive and concurrent loans without taking a new photo of the borrower if the criteria above are met.