Update on FredFred is a married man, aged 52 years, with eight children living in Kyenjojo, Uganda. With the previous loan, he was able to earn a profit and used it to construct a permanent house where he now lives with his family. The profits will also allow his children to pursue their education.
In his business he is faced with a challenge of price fluctuations. His business plan is to acquire a lorry truck for the transportation of his produce. Fred wants another loan to buy cattle to resell.
Previous Loan DetailsFred is a gentle man, aged 50 years, and is married with seven children. He lives in a semi-permanent house in Kyenjojo, Uganda. As for Fred's family dream, he says he wants his children to study and have their own stable incomes in the future. Fred is a cattle farmer dealing in rearing, buyin... More from Fred'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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- Repayment Term
- 9 months (Additional Information)
- Repayment Schedule
- Nov 19, 2011
- Dec 16, 2011
- Currency Exchange Loss:
- Aug 17, 2015
Photo from previous loan
Kiva allows our Field Partners to re-use the same photo for individual borrowers that have been posted on Kiva's website once before in a 24 month period, and we allow them to re-use group photos for up to 24 months, provided that 80% of the current group's membership is represented.
Taking, collecting, and uploading photos of borrowers is one of the most challenging elements of using Kiva for our Field Partners. In order to make Kiva easier for Field Partners to use, we have allowed them to post successive and concurrent loans without taking a new photo of the borrower if the criteria above are met.