Update on JaneJane has been selling agricultural products such as pesticides for the past six years. This has enabled her and her husband to raise their children and provide them with all the basics. Her business challenge, however, is insufficient money to expand on her stock.
Jane is now requesting a second loan from HOFOKAM in the amount of 3,000,000 UGX to buy more pesticides and seed for resale. She envisions going into farming so as to increase her income.
Previous Loan DetailsJane is a 30 year old married lady with three children living in her own house in Fort Portal ,Uganda. She takes care of the family with the help of her husband who is a veterinary doctor. Jane has been selling agricultural products such as pestcides for six years, but her major constraint has been… More from Jane'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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