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Patrick William

Update on Patrick William

Patrick used a previous loan to buy rice, sugar, and salt to sell. He operates a retail shop and also has a pork joint business to earn extra income. Like most traders, he faces the challenge of price fluctuations and inadequate capital. His dream is to improve on his pork joint so as to get more income and customers. Patrick William is requesting a loan to buy bread, sugar, cooking oil, and salt to sell.

Previous Loan Details

Patrick William is a 52-year-old married man with four children. He lives in Fort Portal, Uganda. Patrick William operates a retail shop and also has a pork joint business to earn extra income. Like most traders, he faces the challenge of price fluctuations and inadequate capital. Patrick Will... More from Patrick William'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
  • 153
    View loans »
    Uganda Loans Fundraising
  • $28,711,800
    Funds lent in using Kiva
  • 2,537.0
    Uganda Shillings (UGX) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $475 helped Patrick William to buy bread, sugar, cooking oil, and salt to sell.
99% repaid
Repayment Term
9 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 7, 2014
Listed
May 28, 2014
Currency Exchange Loss:
Possible
Ended:
Jan 19, 2015
This photo was used before for a previous loan for Patrick William. It was first posted on Kiva on Oct, 2013. Learn More