Update on MosesMoses used the previous loan to buy soap, sugar and salt for resale and with the profits earned he was able to start a clothing business. He specializes in the sale of men's and lady's clothing and he hopes to reap enormous profits as the Christmas season is fast approaching. Moses needs the loan to buy clothes for sale as the demand is high.
Previous Loan DetailsMoses is a thirty-two-year-old married man with four children living in a rented house in Fort Portal, Uganda. The responsibility to run the family solely rests on him and his desire is to educate his children and build a house. He operates a retail shop and has been in business for ten years... More from Moses'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