Update on AzizAziz used the previous loan to buy a motorcycle for his transport business. He is a married hardworking man living Bundibugyo, Uganda. He is involved in the transport business and also owns a retail shop. Price fluctuations, customers not paying on time, and high taxes pose a challenges to his growth.
His personal goals are to educate his children and build a permanent home while business goal is to own at least five motorcycles since his business is very lucrative and he has so far bought two motorcycles.
Aziz intends to use the loan to buy a new motorcycle and he expects the hired rider to remit 80% of the daily earnings.
Previous Loan DetailsAziz is a married businessman living Bundibugyo, Uganda. He owns a used motorcycle for his transportation business and also owns a retail shop. Price fluctuations, customers not paying on time, and high taxes are the main challenges he is facing. His personal goals are to educate his children and... More from Aziz's previous loan »
More information about this loan
Important InformationThis 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.
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Success!! The loan was 100% repaid
- Repayment Term
- 10 months (Additional Information)
- Repayment Schedule
- May 20, 2013
- Jun 25, 2013
- Currency Exchange Loss:
- Feb 17, 2014
Photo from previous loan
Kiva allows our Field Partners to re-use the same photo for individual borrowers that have been posted on Kiva's website once before in a 24 month period, and we allow them to re-use group photos for up to 24 months, provided that 80% of the current group's membership is represented.
Taking, collecting, and uploading photos of borrowers is one of the most challenging elements of using Kiva for our Field Partners. In order to make Kiva easier for Field Partners to use, we have allowed them to post successive and concurrent loans without taking a new photo of the borrower if the criteria above are met.