Update on MaryMary is a married woman, aged 45 years, with four children.
She owns a retail shop that has run for a period of 12 years. She wants a loan to buy sugar, soap, and cooking oil for sale. She says inadequate capital is affecting the business.
She would like to buy a car and educate her children in future.
Previous Loan DetailsMary is 44 years old and married with four children living in Kagadi, Uganda. She has a retail business located in the same area in which she started 11 years ago with a capital of UGX 1,000,000. She has a stock of UGX 3,500,000 currently. It is through this business that she has been able to… 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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