Update on ElizabethElizabeth needs another loan. This one will help her to pay workers to mulch her banana plantation. She has been an ardent borrower of Hofokam and repays her loans promptly. Her personal goals are educating her children, building a permanent home and buying a car. She is facing the hardships of price fluctuations and inflation, high transportation costs and inadequate capital to buy adequate farming equipment. She has a vision of expanding her farming activities to new areas, hiring employees to help expand her business and buying land to grow crops.
Previous Loan DetailsElizabeth is a 38-year old single mother of two children. She lives in her own permanent house in Fort Portal Uganda. The responsibility to take care of five household members rests solely on her. Elizabeth works for a tea company called Rwenzori commodities. She has been in service for 13 yea... More from Elizabeth'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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Success!! The loan was 100% repaid