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Update on Stephen

Stephen used the previous loan to buy general merchandise. He is a hardworking man living in Fort Portal, Uganda.

For ten years now, Stephen has been running a retail shop and with the proceeds he has been able to buy land. His main challenges are fluctuating prices and inflation. His dream is to someday own a car and a wholesale business.

Stephen is requesting a loan to buy salt and sugar to sell.

Previous Loan Details

Stephen is single and lives in Fort Portal Uganda, where he has earned a living for the last 10 years by running a retail shop. His main challenges are fluctuating prices and inflation. His dream is to someday own a car and a wholesale business. He is applying for this loan to buy salt and sugar ... More from Stephen's previous loan »

Additional Information

Important Information

This loan provides farmers and low-income entrepreneurs from underserved rural areas with access to financial services. By supporting this loan, you allow more farmers and rural entrepreneurs to access capital.

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

  • $1,800
    Average annual income
  • 118
    View loans »
    Uganda Loans Fundraising
  • $33,852,025
    Funds lent in using Kiva
  • 2,650.0
    Uganda Shillings (UGX) = $1 USD

Success!! The loan was 100% repaid

A loan of $575 helped Stephen to buy salt and sugar to sell.
100% repaid
Repayment Term
10 months (Additional Information)
Repayment Schedule
Feb 16, 2013
Mar 3, 2013
Currency Exchange Loss:
Nov 22, 2013
This photo was used before for a previous loan for Stephen. It was first posted on Kiva on Feb, 2012. Learn More