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Zam

Update on Zam

Zam used the previous loan to buy general merchandise to sell. She is a 42-year-old, hardworking, single mother, living in Fort Portal, Uganda. She operates a retail shop as well as sells fire wood and charcoal. She began the business 12 years back with the aim of educating her children and supporting her family. She has since reaped tangible benefits.

Price fluctuations is her major hardship, while her dream is to trade in whole sale and construct a good permanent residential house. Zam intends to use the loan to buy cassava flour and general merchandise, such as salt and sugar to sell.

Previous Loan Details

Zam is a 42 year old hard working single mother living in Fort portal, Uganda. She operates a retail shop as well as selling fire wood and charcoal. She began the business 12 years back with the aim of educating the children and supporting her family and has since reaped tangible benefits.Price f... More from Zam's previous loan »

Additional Information

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
  • 240
    View loans »
    Uganda Loans Fundraising
  • $31,036,700
    Funds lent in using Kiva
  • 2,517.0
    Uganda Shillings (UGX) = $1 USD

Success!! The loan was 100% repaid

A loan of $325 helped Zam to buy cassava flour and general merchandise, such as salt and sugar to sell.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 18, 2013
Listed
Oct 29, 2013
Currency Exchange Loss:
Possible
Ended:
Apr 17, 2014
This photo was used before for a previous loan for Zam. It was first posted on Kiva on May, 2013. Learn More