Update on JohnJohn is a 42-year-old married man with six children living in Kagadi, Uganda. For the past 10 years, he has operated a produce business, dealing primarily in groundnuts. He started by farming, built capital after good harvests, and decided to start his current business. He likes this business because it has a short value chain. He faces a problem of price fluctuations and inadequate capital, which hinders his business growth. He would like to educate his children, build a good house, and expand his business to other markets. In a bid to earn more profits, he has diversified his business to include maize and beans, since they have a ready market, and it is for this reason that he is requesting a loan.
Previous Loan DetailsJohn is a 42-year-old married man with six children living in Kagadi, Uganda. For the past ten years, he has operated a produce business, dealing primarily in groundnuts. He started by farming, got capital after good harvests, and decided to start his current business. He likes this business… More from John'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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