Update on ChristopherChristopher a 29-year-old man who lives in Bundibugyo, Uganda. He owns a retail shop in town and sells plastics like cups, plates, and basins among other things. He is faced with challenges such as limited capital for expanding his business and price flactuations. His business goal is to open another retail shop and to expand his business into new markets. Christopher wants a loan to open another outlet in town.
Previous Loan DetailsChristopher a 28-year-old man who lives in Bundibugyo, Uganda. He owns a retail shop in town and sells plastics like cups, plates, and basins among other things. He is faced with challenges such as limited capital for expanding his business, few customers and a persistent increase of prices in th... More from Christopher'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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