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Hashim

Update on Hashim

Hashim is 40 years old and has children. He is a fish monger who has been in the business since 2000. Hashim used the previous loan to purchase fish to sell since it is the main food in the area and is always on high demand. He is faced with the problem of people not paying on time and high license fees.

Hashim requested another loan, which he will to use to buy fish to sell. He wishes to educate his children and complete his residential house.

Previous Loan Details

Hashim is a thirty-nine-year-old married man living in Bundibugyo, Uganda. He used the previous loan to buy fish to sell. High license fees and lack of facilities for refrigeration are the challenges that he still faces. However, he intends to expand his business into new markets, based on the fa... More from Hashim'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
  • 320
    View loans »
    Uganda Loans Fundraising
  • $30,629,375
    Funds lent in using Kiva
  • 2,555.0
    Uganda Shillings (UGX) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $1,175 helped Hashim to purchase fish to sell.
97% repaid
Repayment Term
12 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 6, 2014
Listed
Jun 17, 2014
Currency Exchange Loss:
Possible
Ended:
May 17, 2015
This photo was used before for a previous loan for Hashim. It was first posted on Kiva on Dec, 2013. Learn More