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William

Update on William

William used his previous loan to buy cassava to sell. He is a 44-year-old married man, with six children, living in Kasese, Uganda.

He has been in the cassava-milling business for four years. With his earnings he was able to buy land and pay school fees for his children. He also has tree nursery beds, and he supplies tree seedlings to farmers around the area.

His family goal is to educate his children up to the university, while his business plans are to buy more land to plant more trees and to diversify his business so he can mill other cereals, like beans and maize.

William intends to use the loan to buy a coffee-milling machine.

Previous Loan Details

William is a forty three year old married man with six children living in Kasese, Uganda. He has been in the cassava milling business for three years and with the proceeds he has been able to buy land and pay school fees for his children. He also has tree nursery beds and he supplies the tree see... More from William'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
  • 296
    View loans »
    Uganda Loans Fundraising
  • $30,664,350
    Funds lent in using Kiva
  • 2,568.0
    Uganda Shillings (UGX) = $1 USD

Success!! The loan was 100% repaid

A loan of $800 helped William to buy a coffee-milling machine.
100% repaid
Repayment Term
12 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 22, 2013
Listed
Sep 20, 2013
Currency Exchange Loss:
Possible
Ended:
Dec 18, 2014