Update on RosemaryRosemary, 32 years old, is married and has four children. She has operated a wholesale business dealing in soda, sugar and soap for 2 years. Rosemary is faced with the challenge of inflation, which affects her purchasing power. Her business goal is to open up another outlet and her personal goal is to have well-educated children. Rosemary wants a loan to purchase soda, sugar and soap to sell.
Previous Loan DetailsRosemary, a 31-year-old mother of four children aged 6-12 years, is married to a teacher and they reside in their own three-roomed house in Karuguuza, Uganda. A hard-working mother whose goal is to educate her children, Rosemary started a small retail shop a year-and-a-half ago. She diligently… More from Rosemary'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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