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Paulo

Update on Paulo

Paulo used the previous loan to construct grass-thatched shades for his customers. He is still running a guest house, and faces the challenge of competition. However, he hopes to fully established a guest house that meets the standard of serving tourists in town. Paul needs a loan to buy materials for painting his guest house.

Previous Loan Details

Paulo used the previous loan to construct cottages, but due to high demand he needs more capital to construct more cottages. In his business, he faces challenges of seasonal weather and price fluctuations. His dream is building a permanent home,constructing shades for his customers and expanding ... More from Paulo'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
  • 322
    View loans »
    Uganda Loans Fundraising
  • $29,617,400
    Funds lent in using Kiva
  • 2,613.0
    Uganda Shillings (UGX) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $775 helped Paulo to buy materials for painting his guest house.
99% repaid
Repayment Term
10 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 20, 2014
Listed
Jun 30, 2014
Currency Exchange Loss:
Possible
Ended:
Mar 17, 2015
This photo was used before for a previous loan for Paulo. It was first posted on Kiva on May, 2013. Learn More