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Wilson

Update on Wilson

Wilson is a married Ugandan man with four children; three are in school. He owns rentals in conjunction with a retail shop, not forgetting phone and battery charging from which he generates additional income.

Sustaining his family was the major push for involving himself in the above-mentioned activities. In case he is given a loan, he would like to use it to renovate his rentals. His major dream is to have all his children educated in spite the challenges of competitors and changes in tastes and preferences of his customers.

Previous Loan Details

Wilson used the previous loan to buy general merchandise to sell. He is a 50-year-old married man with four children living in his own house in Fort Portal, Uganda. The responsibility to sustain the family is vested on him with minimal contribution from the wife, who is a business woman. He h... More from Wilson'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

  • $1,500
    Average annual income
  • 319
    View loans »
    Uganda Loans Fundraising
  • $29,710,775
    Funds lent in using Kiva
  • 2,574.9
    Uganda Shillings (UGX) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $1,175 helped Wilson to renovate his rentals.
98% repaid
Repayment Term
12 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 18, 2014
Listed
Jun 26, 2014
Currency Exchange Loss:
Possible
Ended:
Apr 18, 2015