Update on BartBart, a 38-year-old divorced man and sole caregiver of his four children living in Kasese, Uganda, has been operating a retail shop for the past year. It was purchased with capital saved from his previous work which involved carpentry.
Bart's business hardship is inadequate capital to purchase enough store stock, and so he is requesting this loan to buy sugar, flour and cooking oil for his store. His business goal is to expand into new markets, and his personal goals are educating his children and building a permanent house.
Previous Loan DetailsBart is a 37-year-old divorced man with five children. He has been in the retail shop business for six months after diverting from the carpentry business. His hardship is inadequate capital to purchase stock, and his goals are educating children and building a permanent house. Bart nee... More from Bart'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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