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Salim

Update on Salim

Salim is a forty-five year old male living in Masindi-Uganda. He deals in retail business in a rural area, motorcycle transportation for additional income and also owns a school. Salim started his business so as to earn an income and to maintain his family's standards of living. Salim wishes to improve on his school by adding more classes. However he faces a challenge of competition and inadequate capital. Salim will use the loan to buy general merchandise like sugar, soap and biscuits to sell.

Previous Loan Details

Salim is a 44-year-old man living in Masindi, Uganda. He is married and charged with the responsibility of looking after four of his children.He deals in a transport business and also earns a salary as a civil servant. His business is located in a rural area and he has the challenges of poor road... More from Salim'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.

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About Uganda

  • $1,800
    Average annual income
  • 258
    View loans »
    Uganda Loans Fundraising
  • $30,713,300
    Funds lent in using Kiva
  • 2,570.7
    Uganda Shillings (UGX) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $975 helped Salim to buy general merchandise like sugar, soap and biscuits to sell.
97% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 14, 2014
Listed
Jun 16, 2014
Currency Exchange Loss:
Possible
Ended:
Jun 25, 2015