Update on FlorenceFlorence is a 61-year-old hardworking lady with six children, living in Fort Portal, Uganda. She has been running a confectionery business since 1995, which she started with the aim of earning a living and paying school fees for her children.
Florence is serving a number of customers including schools, supermarkets, and the general markets with a variety of eats. She is facing a challenge of unreliable workers and high labor turn over. Besides that, she is aiming at expanding her business to new areas.
Florence intends to use the loan to buy a pressing and sealing machine used in packaging.
Previous Loan DetailsFlorence is a sixty-year-old widow living with two grandchildren aged 6 and 14 and she is the head of six members of the family. She operates a confectionery business and has been in the business for the last six years. She owns a house in Fort Portal, Uganda and a bakery which has enabled her to... More from Florence'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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Success!! The loan was 100% repaid