Update on ChristineChristine used the previous loan to buy clothes and shoes to sell in her shop. Now she sells first-class clothes and her business is progressing, despite the hardships of a constant increase in prices of goods. She needs the loan to buy new clothes to sell in her shop as she targets the Christmas season.
Previous Loan DetailsChristine is a 32-year-old enterprising woman, married to a driver, with four children living in Fort Portal, Uganda. She lives in a semi permanent house and is vested with the responsibility of taking care of six household members with the help of her husband. Her dream is to be able to pay school… More from Christine'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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