Update on TausiTausi used the previous loan to buy cosmetics for her salon. She is a 24-year-old, enterprising single mother living in her own house in Fort Portal Uganda. Tausi's dream is to build a permanent house, as she is currently in a semi-permanent dwelling. For three years she has been operating a beauty salon. She started as an employee but now has her own business and her ambition is to turn it into a beauty parlor of great renown. One of the challenges she faces is that she has a limited number of dryers to serve her increasing number of customers. Tausi intends to use the loan to buy dryers and weaves to sell.
Previous Loan DetailsTausi is a married lady living in Fort Portal, Uganda. She faces the hardship of inadequate capital to buy stock for her business. Therefore, she has asked for another loan to help her buy more synthetic hair weaves and hair oil for her salon business. She has a vision of expanding her business… More from Tausi'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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