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Stephen

Update on Stephen

Stephen is a married Ugandan male, aged 40, living in Kagadi, Uganda with six children. He operates a retail shop business where he sells general merchandise, and he also earns from agriculture; specifically sugar cane growing. He plans to construct a permanent residential house and educate his children, though he is challenged by competition and seasonal changes. Stephen will use the loan to buy sodas, beers, soap, and other general merchandise to sell.

Previous Loan Details

Stephen used the previous loan to buy general merchandise to sell. He is a hardworking man living in Kagadi, Uganda. He has been operating a retail business for a period of 9 years. He started with capital he earned from agriculture, where he harvested maize and sold it at a very good price. H... More from Stephen'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
  • 288
    View loans »
    Uganda Loans Fundraising
  • $31,076,375
    Funds lent in using Kiva
  • 2,475.2
    Uganda Shillings (UGX) = $1 USD

Success!! The loan was 100% repaid

A loan of $950 helped Stephen to buy sodas, beers, soap, and other general merchandise to sell.
100% repaid
Repayment Term
10 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 23, 2014
Listed
Feb 3, 2014
Currency Exchange Loss:
Possible
Ended:
Sep 17, 2014