Update on ElizabethElizabeth is a hardworking mother of four children living in Hioma, Uganda.
She owns a business of selling second-hand clothes. She has been doing this for a while, but she faces the challenge of high price fluctuations.
Her family goal is to educate her children and her business goal is to expand to new markets.
Elizabeth intends to use the loan to buy used clothes for resale.
Previous Loan DetailsElizabeth is 28 years old and married with 4 children aged 11-1, living in a rented house in Hioma. For 4 years she has been hawking clothes and from this business she has been able to pay school fees for her children. She started with 200,000 shillings but now she has an inventory worth 2,500,000… More from Elizabeth'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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