Update on KibayaKibaya used his previous loan to buy general merchandise to sell. He is a 37-year-old married man with eight children living in Kasese, Uganda. He has been running a retail shop for five years. He acquired capital by selling coffee worth 700,000 shillings and now has 4,000,000 shillings as working capital. His hardships are customers not paying on time, inadequate capital to purchase stock and high taxes. His business goals are to expand his business into new markets and move the business to a more permanent location. His personal goals are to educate his children and build a permanent house. Kibaya intends to use the money to buy clothes, sugar and cooking oil to sell.
Previous Loan DetailsKibaya is a 36-year-old married man with eight children living in Kasese, Uganda. He has been running a retail shop for four years. Kibaya acquired capital from selling coffee worth 700,000 shillings and now has 3,000,000 shillings as working capital. His hardships are customers not paying on... More from Kibaya'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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