Update on MaryMary is a forty-one-year-old single mother with four children living in Kasese, Uganda. She has been selling clothes for twenty-one years. Her hardships are seasonal weather, inadequate capital to purchase stock, price fluctuations and inflation. Her personal goal is educating her children and her business goals are diversifying her business and expanding the business to new markets.
Mary intends to use the loan to buy clothes to sell.
Previous Loan DetailsMary is a 40-year-old single mother of four children. She owns a house in Kasese, Uganda. Mary has been selling clothes for 20 years. She started her business with 500,000 Shillings and now has 1,500,000 Shillings as her working capital. Her main challenge is bad debtors. Mary's vision is for a b... 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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