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Julius

Update on Julius

Julius is 42 years old and married, with five children.

He has a very big coffee plantation where he harvests 10 bags of coffee every season. His customers are his neighbors.

He has applied for a loan of UGX 2,000,000 to help him buy a piece of land also with coffee on it. It will help him harvest more coffee for the trade. His challenge is the weather that affects the coffee during the dry season, thus getting poor yields to his customers.

His hopes are to produce 50 bags of coffee every season and also to provide a good education for his children.

Previous Loan Details

Julius is a progressive coffee farmer and mainly grows Arabica coffee. The 35-year-old man is married with five children who are all of school-going age. Julius applied for a loan of 1,000,000 Ugx to buy coffee seedlings for his coffee plantation. He hopes to increase his acreage to over 6 acres ... More from Julius's previous loan »

Additional Information

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.

Tags

About Uganda

  • $1,800
    Average annual income
  • 314
    View loans »
    Uganda Loans Fundraising
  • $30,637,850
    Funds lent in using Kiva
  • 2,517.0
    Uganda Shillings (UGX) = $1 USD

Success!! The loan was 100% repaid

A loan of $800 helped Julius to buy a piece of land.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 17, 2013
Listed
Oct 29, 2013
Currency Exchange Loss:
Possible
Ended:
Nov 17, 2014