Update on GraceGrace used her previous loan to buy beans and groundnuts to sell. She is a forty-three-year-old married woman with seven children living in Kasese, Uganda. She owns a semi-permanent house in the same city. She has been dealing in produce for the last twenty years amidst the hardship of the high cost of produce and taxes. Her vision is to expand her business and educate her children up to university. Grace intends to use her loan to buy more beans and groundnuts to sell.
Previous Loan DetailsGrace is a forty-three-year-old married female with seven children. She owns a semi-permanent house in Kasese, Uganda. She has been dealing in produce for the last twenty years amidst the hardship of the high cost of produce. Her vision is to expand the business and educate her children. Grace ne... More from Grace'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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