N/A, direct to Brent Oils

N/A, direct to Brent Oils

Lending Partner since 2016 • Uganda
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Fundraising Status:closed
Risk Rating:

What to know about this Lending Partner

Impact Category:
Clean Energy
Default Rate:
100%
Currency Exchange Loss Rate:
0%
Total Loans Raised:
$20,000
Loans at Risk Rate:
0%
Kiva Borrowers:
2
Delinquency Rate:
0%
Interests and Fees:
N/A
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There is no Lending Partner for this loan. It is part of the Direct to Social Enterprise program. For more details on DSE, please click here. For more details on the borrower, please refer to their loan profile. 

Update as of 20 Nov 2017:

Loan defaulted because Brent Oils was forcefully closed and its equipment confiscated. Because of the lack of clarity of future repayments, and the fact that this loan is more than 180 days past due, we are defaulting this loan. Kiva will stay in touch with Brent Oils and hopes to be able to share better news in the near future. If/when Brent Oils does make repayment to Kiva, they will be passed along to lenders.