Update on ImeldaImelda used her previous loan to buy iron sheets, sand, and cement to construct her residential house. She is a 31 year old married lady with three children, living in Kagadi, Uganda. She is a teacher by profession and has been working for seven years. She would like to educate her children, buy a car and build a permanent house, while her business dream is to engage in commercial farming. Imelda is requesting a loan to buy land to grow crops.
Previous Loan DetailsImelda is a 31 year old lady married with three children living in Kagadi, Uganda. She is a teacher by profession and has been in service for a period of seven years. She would like to educate her children, buy a car, and build a permanent house. She wants a loan to buy iron sheets, sand, and cem... More from Imelda'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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