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Deo

Update on Deo

Deo used the previous loan to pay school fees for his children. He is a 42-year-old married man with five children living in Fort Portal, Uganda. After realizing that farming alone could not facilitate him in meeting the day-to-day needs of his family, he decided to venture into the motorcycle transport business.

High fuel prices and poor road network limit his profits, while his dreams are to educate his children up to the university and buy at least five motorcycles, which he intends to hire out to riders who will be remitting 80% of the daily earnings.

Deo is requesting a loan to pay school fees for his children.

Previous Loan Details

Deo is a 42-year-old married man with five children living in Fort Portal, Uganda. After realizing that farming alone could not facilitate him in meeting the day-to-day needs of his family, Deo decided to venture into a motorcycle transport business. High fuel prices limit his profits, while ... More from Deo'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

  • $1,500
    Average annual income
  • 323
    View loans »
    Uganda Loans Fundraising
  • $29,617,400
    Funds lent in using Kiva
  • 2,515.7
    Uganda Shillings (UGX) = $1 USD

Success!! The loan was 100% repaid

A loan of $600 helped Deo to pay school fees for his children.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 8, 2013
Listed
Nov 15, 2013
Currency Exchange Loss:
Possible
Ended:
Apr 17, 2014
This photo was used before for a previous loan for Deo. It was first posted on Kiva on Feb, 2013. Learn More