Update on JacobJacob is a 52-year-old businessman who lives in Juba. He is married, and has 4 children between the ages of 15and 25. Four go to school.
Jacob runs a general store, and has been in business for 5 years. An employee of his heard about Finance Sudan through other clients and he is taking a loan of 3000
SDG to purchase more goods. In addition to this business, no.
In 5 years,open many branches. he hopes to employ more people.
His major challenges include inflation in the market.
More loans should to be given.
Previous Loan DetailsJacob is a 42-year-old business man, who lives in Juba. He is married and has 6 children between the ages of 28 and 6. All of them go to school. Jacob runs a food store business, and he has been in this business for 3 years. He has 1 employee. Jacob heard about Finance Sudan from outreach and… More from Jacob'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.
About South Sudan
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- Repayment Term
- 8 months (Additional Information)
- Repayment Schedule
- May 30, 2012
- Jun 19, 2012
- Currency Exchange Loss:
- Jan 15, 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.