Update on BensonBenson, age 28, runs a produce business and a motorcycle transport business in Kagadi. He has been engaged in these ventures for the past four years. He started his business with capital received from harvesting and selling his maize and beans. In order to shorten the supply chain, he then decided to buy from other farmers and sell at a profit. He used his previous loan to buy maize and beans to offer for sale.
Inadequate capital is the factor affecting his business. His dreams are to ensure the education of his two children and to own one of the biggest food stores in town.
Benson intends to use this loan to buy maize and beans to offer for sale.
Previous Loan DetailsBenson is a 28 year-old hardworking man living in Kagadi, Uganda. For four years he has been running a produce business and also riding a motorcyle for business purposes. He started this business with capital received from harvesting and selling his maize and beans. In order to shorten the supply… More from Benson's previous loan »
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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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