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John

Update on John

John is a 30-year-old businessman with two children living in Bundibugyo, Uganda. He is a farmer who mainly grows cocoa. He also earns a salary as a civil servant at the district and operates a retail shop in order to raise money to meet his family's daily expenses. He maintains his desires to educate his children up to the University and build rental houses to secure their future despite inadequate capital, unpredictable weather changes and people who buy on credit and do not pay him. His business goal is to trade in wholesale and expand his business to new markets. John will use the loan to buy soap, tealeaves, salt and soft drinks.

Previous Loan Details

John is a 29-year-old businessman with two children living in Bundibugyo, Uganda. He is a farmer who mainly grows cocoa. He also earns a salary as a civil servant at the district and operates a retail shop in order to raise money to meet his family's daily expenses. The good father that he is, he... More from John'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.

About Uganda

  • $1,500
    Average annual income
  • 151
    View loans »
    Uganda Loans Fundraising
  • $28,711,800
    Funds lent in using Kiva
  • 2,550.0
    Uganda Shillings (UGX) = $1 USD
Expired
A loan of $600 helped John to buy soap, tealeaves, salt and soft drinks.
Repayment Term
10 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 16, 2014
Listed
Jun 8, 2014
Currency Exchange Loss:
Possible
Expired:
Jul 8, 2014