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Godfrey

Update on Godfrey

Godfrey lives in Hoima, Uganda. He is thirty-five years old and married with six children. He has a retail shop, which he started with an aim of diversifying his family income. He earns additional income from building (builder) and farming.

He hopes to diversify his business. However, seasonal weather is a major setback.

He wants a loan to grow maize and rice.

Previous Loan Details

Godfrey is a 33-year-old married man with 4 children living in Hoima, Uganda. He is a farmer and has been farming for over 5 years now. He started on a small acreage as a subsistence farmer, but now he farms for commercial purposes as well. He faces the challenges of price fluctuations and inadeq... More from Godfrey'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

  • $1,500
    Average annual income
  • 275
    View loans »
    Uganda Loans Fundraising
  • $29,595,025
    Funds lent in using Kiva
  • 2,617.0
    Uganda Shillings (UGX) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $575 helped Godfrey to grow maize and rice.
99% repaid
Repayment Term
12 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 20, 2014
Listed
Jul 8, 2014
Currency Exchange Loss:
Possible
Ended:
Apr 18, 2015