Update on DavidDavid is an old client of UGAFODE Microfinance. He is married with six children. He works six days in a week and works six hours per day on average. He is into brick making which he has done since 2003. He started brick making so that he could earn income to sustain his family. He makes bricks in Ruyonza Local Cell 1 and he hopes to use the loan money of two million shillings to buy firewood, which he will use to bake the bricks he makes. His clients are mainly the builders and the general population who use bricks for construction purposes. His main challenge is rain which sometimes hits and damages his bricks before they dry hence causing him a shortage. Apart from brick making, David also sells timber which gives him additional income to support his family. He describes himself as a very hard-working man and he strongly believes that he will achieve his dream of expanding his business with the help of Kiva loans.
Previous Loan DetailsDavid is 40 years old and married with six children, five of whom are in school and still young. He is in the brick making business. He works 6 hours a day, 6 days a week. David will use the loan to hire laborers to burn his bricks because he expects many people to buy during this season. He w... More from David'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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