Update on VianusVainus is married and a father of six children, aged 5-21, living in his own semi-permanent house in Hioma, Uganda. He has dependents and he is the sole breadwinner of the family.
For 12 years, Vainus has been running a spare parts business and he started as a small-scale farmer. He saved to start his current business. He is still faced with the challenge of poor roads and bad debts. Despite the challenges he is facing, he wants to sell in bulk. Vainus needs a loan to buy spare parts to sell.
Previous Loan DetailsVainus is married and a father of six children, aged 21-5, living in his own semi-permanent house in Hioma, Uganda. He has dependents and he is the sole breadwinner of the family. For 11 years he has been running a spare parts business and he started as a small-scale farmer. He saved to start… More from Vianus'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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