Update on RobertRobert is requesting a loan, which he will use to buy bananas for brewing alcohol. He used his previous loan for the same purpose.
Robert faces the challenges of price fluctuations, inflation, and high fuel and transportation costs. He was able to save money and buy a motorcycle for transportation which has made his work easier. His dream is educating his children and owning a well stocked liquor store.
Previous Loan DetailsRobert is a thirty-seven-year-old hardworking married man with two children, living in his own semi-permanent house in Fort Portal, Uganda. For six years he has been brewing alcohol and is also in the transport sector after diverting from bricklaying, which he had practiced for ten years. He has a… More from Robert'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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