Update on PiusPius is a forty year-old married man living in Fort Portal, Uganda. For ten years he has been distilling alcohol and this has enabled him to provide for his family. His challenge is unpredictable weather which has led to deterioration of yields of his banana plantation. He dreams of educating his children and diversifying his business to include commercial farming. Pius needs the loan to rehabilitate his banana plantation.
Previous Loan DetailsPius is a 40-year-old man married with five children living in a semi-permanent house in Fort Portal, Uganda. His dreams for his family are to educate his children and to build a better house. Pius has been brewing alcohol for the last fifteen years. He used profits from brewing to start up a… More from Pius'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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