Update on JuliusJulius used the previous loan to buy bread, juice, and sodas to sell. He is 25 years old, married, and has two children. He lives in Kagadi, Uganda. Julius has been operating a retail shop for five years. He started by delivering bread from door to door and after saving enough profits he rented a room where he now operates and trades in a variety of home use products. His challenge is price fluctuations; his dreams are educating children and hiring employees to expand his business. Julius is requesting a loan to buy sugar, soap and cooking oil to sell.
Previous Loan DetailsJulius is 25 years old, married, and has two children. He lives in Kagadi, Uganda. Julius has been operating a retail shop for five years. He started by delivering bread from door to door and after saving enough profits he rented a room where he now operates. Julius is requesting a loan, which… More from Julius'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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