Update on YovanYovan is a 46-year-old man with eight children living in Kagadi,Uganda.
Yovan needs the loan to buy local brew to sell. For 15 years he has been dealing in local brew. He started the business because of the ready market of the product and low cost of production. He has his own plantation where he gets bananas to make the local brew, but because of the high demand, he also buys from others.
Yovan never got a chance to go to school because of the rigidity of his father, who preferred that he reared animals and brewed alcohol to education. He says that with the community awareness campaign, he wishes to educate his children so that they can be better citzens.
He has a business dream of owning a refinery so as to produce quality brew.
Previous Loan DetailsYovan is a 46-year-old man with eight children. He runs a local brew business, which he has operated for a period of 15 years. He earned the capital to start his business by farming. Price fluctuations and high fuel prices are factors affecting his business. Yovan dreams of having all his… More from Yovan'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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