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Didas

Update on Didas

Didas is a 37-year-old married man living in Kamwenge, Uganda. He used his previous loan to buy maize which he used to grind into flour to sell. Didas has a personal goal of educating his children up to the university level. He has a maize milling business that he has operated for a year now and, with the proceeds, he has been able to pay school fees for his children and set up a business for his wife. He still faces a challenge of inefficient supply of electricity and lack of skilled labor. However he has a vision of expanding his business to new markets and hiring employees to help him in processing.

Didas intends to buy maize which he will grind into maize flour to sell.

Previous Loan Details

Didas is a thirty six year old married man living in Kamwenge, Uganda. He has three children. Didas has a personal goal of educating his children up to the university level. He has a maize milling business that he has operated for a year now and, with the proceeds, he has been able to pay school ... More from Didas'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

  • $1,800
    Average annual income
  • 309
    View loans »
    Uganda Loans Fundraising
  • $30,615,075
    Funds lent in using Kiva
  • 2,538.1
    Uganda Shillings (UGX) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $1,200 helped Didas to buy maize to sell.
96% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 16, 2014
Listed
May 29, 2014
Currency Exchange Loss:
Possible
Ended:
Jun 25, 2015