Kyanya Bakyara Thuwathikana Group
Update on Kyanya Bakyara Thuwathikana GroupEddy is a fifty-two-year-old married woman with seven children living in Kasese, Uganda. She has been operating a retail business for twenty-two years and she has been able to buy land for farming with the proceeds. She began her business to be economically empowered. Inadequate capital and price fluctuations are her major challenges, while her dreams are to have a wholesale shop and venture into commercial farming. Eddy intends to use this loan to purchase soap and palm oil to sell. She is a member of the above-mentioned group, in which each member guarantees the other in accessing a loan.
Previous Loan DetailsEddy is 50 years old, married, and has six children. She lives in Kasese, Uganda. She has been in the retail business for eight years. She started with 100,000 shillings and now has 2,000,000 shillings as working capital. Eddy is a member of the Kyanya Bakyara Thuwathikana Group where each me... More from Kyanya Bakyara Thuwathikana Group'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.
This is a Group Loan
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Success!! The loan was 100% repaid