Update on FenekansiFenekansi is a 37-year-old businessman who has been selling produce, mainly maize and beans, for four years. He started by growing tomatoes and then sold them for enough capital to start this business. Fenekansi faces problems of price fluctuations and inflation which erode most of his profits, as well as high fuel and transport costs. In the future, he would like to buy a car, diversify his business into processing, and buy land for growing crops. As with his previous loan, Fenekansi is requesting a new loan to buy maize and beans to sell.
Previous Loan DetailsFenekansi is a 36-year-old businessman who deals in produce, mainly maize and beans. He has been in this business for a period of 3 years. He started by growing tomatoes and then sold them and got capital and started this business. Fenekansi faces a problem of price fluctuation and inflation whic... More from Fenekansi'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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