Update on AliceAlice is 25 years old and married with four children aged 10-5 years old. She has been running a produce and fresh foods business for seven years. She started with a working capital of 100,000 UGX but now has 600,000 UGX as capital. She has no challenges in the business and hopes it will grow bigger in the future. She is requesting a loan to buy maize and rice.
Previous Loan DetailsAlice is 24 years old with four children. She has no other dependents and lives in her own house in Hoima in western Uganda. For six years she has been operating a produce business and she started as a market vender in a small village market of Katikara. She hopes her business grows to a big… More from Alice'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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