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Lawrence

Update on Lawrence

Lawrence used his previous loan to pay school fees for his children, but his main business is a pub. He has does farming and has a dairy business for extra income. He is facing a hardship of transporting his goods from the village to the main market. His vision is to have a fully stocked store to sell the local brew (waragi) that is in high demand. Lawrence has asked for a loan to help him rent a banana plantation and buy local brew (waragi) to sell.

Previous Loan Details

Lawrence is a hardworking married man living in Fort Portal, Uganda. He has a personal goal of educating his children up to the University. He has been running a pub business for the last ten years and is facing hardships of price fluctuations and inflation. However, he has a vision of expanding… More from Lawrence'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.

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About Uganda

  • $1,500
    Average annual income
  • 159
    View loans »
    Uganda Loans Fundraising
  • $28,340,300
    Funds lent in using Kiva
  • 2,532.0
    Uganda Shillings (UGX) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $1,000 helped Lawrence to rent a banana plantation and buy local brew (waragi) to sell.
99% repaid
Repayment Term
12 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 10, 2014
Listed
Mar 23, 2014
Currency Exchange Loss:
Possible
Ended:
Feb 20, 2015