Check out some available loans that are similar to this one!
Alfred

Update on Alfred

Alfred is a 60-year old male who lives in Masindi, Uganda and used the previous loan to pay workers to plough his land for the next season where he managed to plant his crops but yielded less due to unpredictable weather. He does farming, teaching and cattle fattening. He started the farming so as to to mobilize finances to sustain his family. He dreams of constructing a permanent house for his family. Inadequate capital and weather variations affect his business. Alfred intends to use the loan to weed his garden.

Previous Loan Details

Alfred is 59 years old, married, and has thirteen children. They live in Masindi, Uganda. He is a farmer, and also earns a salary from teaching. Like most farmers, he is challenged by unpredictable weather changes and price fluctuations that affect his growth. His dreams are to educate his… More from Alfred'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.

Tags

About Uganda

  • $1,500
    Average annual income
  • 140
    View loans »
    Uganda Loans Fundraising
  • $28,282,425
    Funds lent in using Kiva
  • 2,600.0
    Uganda Shillings (UGX) = $1 USD
Paying Back

This loan has been fully funded!

A loan of $775 helped Alfred to weed his garden.
50% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
Aug 6, 2014
Listed
Aug 27, 2014
Currency Exchange Loss:
Possible