Update on PatriciaPatricia used the previous loan to buy soft drinks and food for her restaurant. The 53-year-old widow still stays in Kagadi, Uganda. With the profits, she has been able to promptly pay school fees for her last born child. She has challenges such as inadequate capital to meet the different preferences of clients. Her dream is to have one of the biggest hotels in the area and a wholesale shop. Patricia intends to use this loan to buy food and general merchandise like sugar, salt, and soap.
Previous Loan DetailsPatricia is a 52-year-old widow from Kagadi, Uganda who owns a restaurant in the same town. She started this business with 250,000 shillings but now her business is worth 3,000,000 shillings. With this business, she has been able to educate her 10 children and buy land. Inadequate capital is hind... More from Patricia'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
- Repayment Term
- 12 months (Additional Information)
- Repayment Schedule
- May 9, 2012
- May 17, 2012
- Currency Exchange Loss:
- Mar 18, 2013
Photo from previous loan
Kiva allows our Field Partners to re-use the same photo for individual borrowers that have been posted on Kiva's website once before in a 24 month period, and we allow them to re-use group photos for up to 24 months, provided that 80% of the current group's membership is represented.
Taking, collecting, and uploading photos of borrowers is one of the most challenging elements of using Kiva for our Field Partners. In order to make Kiva easier for Field Partners to use, we have allowed them to post successive and concurrent loans without taking a new photo of the borrower if the criteria above are met.