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Update on William

Since 1997, William has been operating a hardware shop in addition to being a farmer as his major source of income. He grows crops like maize, beans and cassava. He has been able to construct a house to rent, which brings him extra income.

He approached Ugafode for a loan of 3,000,000 to buy fertilizers and seedlings to plant. He expects to pay back the loan using income from selling his crops (in the harvest season).

His dream is to construct a good residential house and educate all his children up to university level. He says, however, that he faces the challenges of weather changes and lack of enough capital. He thanks the Kiva lenders for the overwhelming support. He is hard working.

Previous Loan Details

William is 41 years old and married with four children, who are all school-going. He also has two dependents who are orphans living with him. William started a small hardware shop in 1997 as his major source of income to look after the family. He operates this business in the outskirts of Ka... More from William's previous loan »

Additional Information

More information about this loan

This loan is part of UGAFODE's program for clients who live in isolated rural areas with limited access to financial services. Uniquely, UGAFODE focuses its efforts on agricultural areas in Uganda that are over 50 km from their branches, providing loans to both groups and individual borrowers. The organization believes that the risk of offering services to remote clients is outweighed by the benefits to customers and their often underserved communities.

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.

About Uganda

  • $1,800
    Average annual income
  • 175
    View loans »
    Uganda Loans Fundraising
  • $32,013,100
    Funds lent in using Kiva
  • 2,543.0
    Uganda Shillings (UGX) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,200 helped William to buy fertilizers and seedlings.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
May 2, 2014
Jun 3, 2014
Currency Exchange Loss:
Jul 17, 2015