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Abraham

Update on Abraham

Abraham is a twenty-seven-year-old married man living in Kamwenge, Uganda. He used his previous loan to buy oxen for ploughing. He is a large-scale farmer and faces hardships of lack of enough manpower to do digging on time because of using manual labour. He also faces another challenge of price fluctuations. His vision is to build a house in future.

Abraham intends to use the loan to buy more oxen for ploughing.

Previous Loan Details

Abaham is a twenty-six-year-old married man living in Kamwenge, Uganda. His main business is agriculture but he also earns additional income from monthly payments. He is a large-scale farmer and faces hardships of lack of enough manpower to do digging on time because of using manual labour, Anoth... More from Abraham'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
  • 311
    View loans »
    Uganda Loans Fundraising
  • $30,647,875
    Funds lent in using Kiva
  • 2,538.1
    Uganda Shillings (UGX) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $600 helped Abraham to buy more oxen for ploughing.
99% repaid
Repayment Term
10 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 20, 2014
Listed
May 29, 2014
Currency Exchange Loss:
Possible
Ended:
Feb 20, 2015
This photo was used before for a previous loan for Abraham. It was first posted on Kiva on Dec, 2013. Learn More