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Gladys

Update on Gladys

Gladys used a previous loan to buy building materials and also to rent more decent premises for her restaurant business, so as to attract more customers. She is a 45-year-old, hard-working woman living in Fort Portal, Uganda.

Gladys has a number of businesses, which include poultry farming and a restaurant. With the proceeds, she has also been able to build a rental house to earn more income. She says that she is hindered by inadequate capital to realize all her dreams, while her plans are to expand her poultry project and venture into new markets, especially in the city.

Gladys intends to use this loan to buy poultry feed.

Previous Loan Details

Gladys is a 45-year-old, hard-working woman, living in Fort Portal Uganda. She has a number of businesses, which include poultry farming and a restaurant. With the proceeds, she has also been able to build a rental house to earn more income. She says that she is hindered by inadequate capital to… More from Gladys'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

  • $1,500
    Average annual income
  • 177
    View loans »
    Uganda Loans Fundraising
  • $28,315,525
    Funds lent in using Kiva
  • 2,593.0
    Uganda Shillings (UGX) = $1 USD

Success!! The loan was 100% repaid

A loan of $600 helped Gladys to buy poultry feed.
100% repaid
Repayment Term
12 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 20, 2013
Listed
Sep 5, 2013
Currency Exchange Loss:
Possible
Ended:
Aug 17, 2014
This photo was used before for a previous loan for Gladys. It was first posted on Kiva on Apr, 2013. Learn More