Update on DoreenDoreen is a single mother of two children living in Hioma, Uganda. She has been running a salon business for five years. She faces a challenge of high price fluctuations and the seasonal nature of the business. Her business goal is to expand her business to new markets and her personal goal is to educate her children. Doreen needs a loan to buy dryers and hair weaves for her salon.
Previous Loan DetailsDoreen is 28 years old and single. She has two children who are 5 and 9 years old. She has one dependant and she has a family of four people with whom she lives in a rented house in Hoima, Uganda. Her family goal is to educate her children. She has a beauty salon business. She has been in the… More from Doreen'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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