Update on LawrenceLawrence is 35 years old, married, and together the couple has 7 children. Lawrence is a farmer, although he also has a transport business. He has been farming for almost 5 years now. He started by using a hand hoe on a small scale basis and now he uses modern farming equipment. He faces a challenge of price fluctuations and inadequate capital. His family goal is to educate his children and also to buy land for more crop growing.
Previous Loan DetailsLawrence is 34 years old and married with seven children between 13 years old and 8 months old. He lives in his own permanent house in Hoima, Uganda. For two years, he has been dealing in the transport business. He started by laying bricks and from his savings, he later bought an Isuzu tipper to ... More from Lawrence'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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