Update on BeatriceBeatrice is 35 years old and a single mother of four children. She has a business selling clothes and she has been running it for seven years. She faces the challenges of seasonal variations and high fuel costs. Her family goal is to educate her children and her business goal is to expand to new markets.She also wishes to diversify her business by selling shoes. Beatrice intends to buy clothes to sell and clear school fees for her children with this loan.
Previous Loan DetailsBeatrice, a 34-year-old single mother of four children ranging in age from 4 to14 years, lives in Hioma, Uganda where, for the last five years, she has been operating a textile business that she started with 500,000/= but now has inventory worth two million. Beatrice faces the challenge both of… More from Beatrice'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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Success!! The loan was 100% repaid