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Juma

Update on Juma

Juma is a forty six year old married male with six children of which four go to school. He used the previous loan to buy popcorn and eggs to sell and has been in retail business for twelve years and works seven days a week plus he has a salary and rentals as additional income. Juma hopes to have a wholesale business, however, his capital is not sufficient. Juma is a hardworking man requesting for a loan to buy sugar and soap to sell.

Previous Loan Details

Juma is a 45-year-old married man with four children living in Kasese, Uganda. For eleven years he has been running a retail shop, but also earns a salary as a teacher. Like most traders, he is challenged by price fluctuations and high license fees. His desire is to expand his business to a new a... More from Juma'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

  • $1,500
    Average annual income
  • 316
    View loans »
    Uganda Loans Fundraising
  • $29,677,925
    Funds lent in using Kiva
  • 2,528.0
    Uganda Shillings (UGX) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $600 helped Juma to buy sugar and soap to sell.
99% repaid
Repayment Term
10 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 12, 2014
Listed
May 27, 2014
Currency Exchange Loss:
Possible
Ended:
Feb 20, 2015