Update on AliceWith her previous loan, Alice was able to buy a gas cooker. This has made her services faster and more efficient. It has attracted more clients to her business, thereby increasing her sales. It's against this background that she now wants to buy warmers, which will further increase efficiency. With them, she will be able to prepare large amounts of food and still keep it warm regardless what time the customers come, especially since they do not all come to eat at the same time. With another loan she will buy more warmers which will support her outside catering dream. She is excited that the loans are helping her to improve her business, much as she still constrained by her limited funds.
Previous Loan DetailsAlice is a 56-year-old married woman with two children who have both finished school. She is a first time borrower and wants a loan of Ugandan shillings 800,000 to buy a gas cooker for her restaurant. She started the restaurant late last year in November because she wanted something to keep her… More from Alice'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
- Repayment Term
- 8 months (Additional Information)
- Repayment Schedule
- Nov 13, 2012
- Nov 15, 2012
- Currency Exchange Loss:
- Jan 16, 2013
Photo from previous loan
Kiva allows our Field Partners to re-use the same photo for individual borrowers that have been posted on Kiva's website once before in a 24 month period, and we allow them to re-use group photos for up to 24 months, provided that 80% of the current group's membership is represented.
Taking, collecting, and uploading photos of borrowers is one of the most challenging elements of using Kiva for our Field Partners. In order to make Kiva easier for Field Partners to use, we have allowed them to post successive and concurrent loans without taking a new photo of the borrower if the criteria above are met.