Update on WillyfredWillyfred used the previous loan to buy books, paper and other scholastic items to sell. He is a 32 year-old man, who lives in Kagadi, Uganda. He has five children and a wife whom he alone looks after. For the last eight years, he has operated a business dealing in stationery. He started by working in agriculture, from which he got money and started the stationery business. His main hardship in the business is customers' not paying on time. His goals are to have his children attain a good education, and he would like to expand the business into other markets. Willyfred is requesting for a loan to buy books, pens and reams of paper to sell.
Previous Loan DetailsWillyfred is a 32 year-old male who lives in Kagadi, Uganda. He has five children with his wife. For the last eight years, he has operated a business dealing in stationary. He started by carrying out agriculture from which he got money and started the stationary business. The main hardships he... More from Willyfred'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
- Repayment Term
- 7 months (Additional Information)
- Repayment Schedule
- Sep 24, 2012
- Oct 2, 2012
- Currency Exchange Loss:
- Feb 15, 2013
Photo from previous loan
Kiva allows our Field Partners to re-use the same photo for individual borrowers that have been posted on Kiva's website once before in a 24 month period, and we allow them to re-use group photos for up to 24 months, provided that 80% of the current group's membership is represented.
Taking, collecting, and uploading photos of borrowers is one of the most challenging elements of using Kiva for our Field Partners. In order to make Kiva easier for Field Partners to use, we have allowed them to post successive and concurrent loans without taking a new photo of the borrower if the criteria above are met.