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Herbert

Update on Herbert

Herbert used the previous loan to buy more soap, sugar, salt, sodas, and beer for resale. He operates a wholesale shop, but he also grows crops to earn a living. His main challenge is limited capital. He has dreams of constructing a permanent house for a residence, and of expanding his business into new areas. Herbert intends to use this loan to buy soap, sugar, salt and soda to sell.

Previous Loan Details

Herbert, a 34-year-old married father of three living in Fort Portal Uganda, operates a wholesale shop but also grows crops to earn a living. His main challenge is limited capital, but he has dreams of constructing a permanent house for residence and expanding his business into new areas. Herber... More from Herbert'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

  • $1,800
    Average annual income
  • 277
    View loans »
    Uganda Loans Fundraising
  • $31,089,375
    Funds lent in using Kiva
  • 2,534.9
    Uganda Shillings (UGX) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $1,200 helped Herbert to buy more soap, sugar, salt, and sodas to sell.
98% repaid
Repayment Term
12 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 23, 2014
Listed
Jun 2, 2014
Currency Exchange Loss:
Possible
Ended:
Apr 18, 2015
This photo was used before for a previous loan for Herbert. It was first posted on Kiva on Aug, 2013. Learn More