Update on SebastianSebastian is a 42-year-old married father of three children living in Kasese, Uganda. He has been operating a pub for the last four years. Having started with capital of 1,500,000 shillings, his business is now worth 3,500,000.
Sebastian's biggest challenge is inadequate capital to meet customer demand, so he is now requesting a loan to purchase beers and sodas for resale. He has a vision of expanding and diversifying his business to include farming, and his personal goals are to educate his children and build a permanent house to live in.
Previous Loan DetailsSebastian, a 41-year-old married father of three children living in Kasese, Uganda has been operating a pub for the last four years. Having started with capital of 1,500,000, his business is now worth 3,000,000 shillings. Sebastian's biggest challenge is inadequate capital to meet customer d... More from Sebastian'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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