Update on AgnesAgnes used the previous loan to buy used shoes to sell. She is a hardworking, young woman living in Fort Portal, Uganda. She used to sell for someone else but then started her own business using the savings she made while working. The challenges she faces include price fluctuation, customers not paying on time, and inadequate capital to buy more stock. Her personal goal is to build a permanent home. Her business goals are to move her business to a more permanent location and to expand into new markets. Agnes intends to use the loan facility to buy more shoes to sell ahead of the Christmas season.
Previous Loan DetailsAgnes is a hardworking young woman living in Fort Portal, Uganda. She sells used shoes. She used to sell for someone else but then started her own business from the savings she had made while working for another person. The challenges she faces include: Price fluctuations, customers not paying ... More from Agnes'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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