Update on JosephJoseph is a farmer and cattle keeper who works seven hours a day, six days a week. He started farming in 2000 because it was profitable and he wanted to be able to pay his child’s school fees. He sells his output to traders around the area. However, he must deal with price fluctuations and drought conditions which affect his crops and can lead to a low yield.
Joseph is applying for a 1,000,000 UGX loan through UGAFODE to buy organic manure, which he thinks will boost his earnings. He also hopes to be the leading supplier of his variety of produce in his village and surrounding areas.
Joseph feels it is good that UGAFODE advises its clients about their businesses and listens to any problems that may result in a delay in payment. He wants to thank Kiva lenders for their support.
Previous Loan DetailsJoseph is a single father, aged thirty-seven years, with one daughter. He lives in a rural setting with his child. He is a businessman who deals in agriculture, specifically pineapple and coffee growing. He works six days a week, and each day he works for eight hours. He has been in this business… More from Joseph'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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