Update on RichardRichard is 39 years old, married with 6 children, aged 1 to 12 years old. He is the sole income earner in the family. His family's goal is to educate his children to the university level. Richard lives in his own house in Hoima, in Western Uganda. He has a butchery business, but before that he was a brick layer. Through brick laying, he saved the money that enabled him to start butchery business. He faces a challenge of price fluctuations of goats and cows, which are always on the rise, which in turn affect his cost projections. He is requesting a loan to buy goats and cows to sell at his butcher shop.
Previous Loan DetailsRichard is 39 years old, married and has three children who range in age from one to eight years old. He helps support five people and lives in his own house with his family. He is a hard-working man and caring husband and father whose goal is to increase his household income. For 20 years, Richard… More from Richard's previous loan »
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