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Gerifati

Update on Gerifati

Gerifati is a 32-year-old married man with 5 children (16,14,12,9, and 3 years old), four of whom are attending different schools. He deals agricultural produce, with a particular focus on beans, maize, and coffee. He works 7 days a week and 10 hours a day, and has been in this produce business since 2000. The lower capital requirements, coupled with a desire to earn a living, are the reasons why Gerifati is in this business.
He is an agriculturalist who grows bananas, beans, and maize, from which he gains additional income to support his family. He hopes to use the loan to buy fertilizers and manure for his banana plantations. He normally sells his products to traders from the city and neighboring trading centers.
His hope and dream is to become the leading supplier of Matooke in the Rakai district. However, he faces a challenge of limited capital and poor weather conditions, which affect his output and profits, respectively.
He is described as an honest and hard working businessman, and asks lenders to keep up with the good services offered.

Previous Loan Details

Gerafati is gratefull to the Kiva lenders for the funding they gave him previously. His output increased with the fertilized land and so did his income. He is a farmer who grows bananas on a large scale. He works four days in a week and eight hours in a day. He started farming in 1998. He supple... More from Gerifati's previous loan »

Additional Information

More information about this loan

This loan is part of UGAFODE's green loan program, giving Ugandan farmers the support they need to grow and process organic fruits and vegetables. Funds will be used to obtain critical resources like processing equipment, mulch and organic seedlings to reduce waste water contamination and improve consumer health. The green loan program also helps clients combat regional problems like deforestation and over-fishing.

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
  • 226
    View loans »
    Uganda Loans Fundraising
  • $29,092,125
    Funds lent in using Kiva
  • 2,624.9
    Uganda Shillings (UGX) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $1,150 helped Gerifati to buy fertilizers for his banana plants.
99% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 7, 2014
Listed
Jul 28, 2014
Currency Exchange Loss:
Possible
Ended:
Jan 17, 2015