Update on MaryMary is a forty-two-year-old married woman with six children living in Kasese, Uganda. She has been selling clothes for thirteen years and this has enabled her to educate her children. Her hardships are price fluctuations, inflation, seasonal weather and high taxes. Personal goals are educating her children and building a permanent house while her business goal is buying land to grow crops and venturing into new markets. Mary wants money to buy clothes to sell.
Previous Loan DetailsMary, a 41-year-old married woman with six children, owns a house in Kasese, Uganda. She has been dealing in second-hand clothes for 12 years, having gotten her initial capital from farming. Her hardships are inflation and high taxes, and her goals are to open a boutique and educate her children.… More from Mary'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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