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Moses

Update on Moses

Moses is a thirty-two-year-old married male who lives in Kasese with three children of whom two go to school. He has a textile shop on a busy street and also does farming to get additional income.

Moses wants to develop himself and needs money to buy shirts, school bags, trousers, dresses and baby wear. Moses is a hard working man who faces the challenge of competition.

Previous Loan Details

Moses is a 28-year-old married man with two children who owns a house in Kasese, Uganda. He has been selling clothes for two years. He started with three million UGX and now has four million. His hardships are insufficient capital and high transport costs, and his vision is a big retail shop p... More from Moses'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.

Tags

About Uganda

  • $1,500
    Average annual income
  • 231
    View loans »
    Uganda Loans Fundraising
  • $28,946,125
    Funds lent in using Kiva
  • 2,528.0
    Uganda Shillings (UGX) = $1 USD
Paying Back - Currency Exchange Loss

This loan has been fully funded!

A loan of $1,200 helped Moses to buy clothes such as shirts, school bags, trousers, dresses and baby wear to sell.
74% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 15, 2014
Listed
May 28, 2014
Currency Exchange Loss:
Possible