Update on RossetRosset is a forty-year-old single mother of three children living in Kasese, Uganda. She operates a restaurant, a business she has been running for eight years. She says she started it through the savings obtained from selling secondhand clothes. Though the capital amount that started the restaurant was small, she says it has grown, and she feels happy about it. Her hardships are price fluctuations, inflation and inadequate capital. Her personal goals are educating her children and building a permanent house for her family. She dreams of expanding into new markets so as to have increased sources of income. Rosset used her previous loan to buy customer chairs for her restaurant, and she intends to use this new loan to buy food to sell,
Previous Loan DetailsRosset is a 40-year-old married woman with three children living in Kasese, Uganda. She has been in the hotel business for ten years, and she now earns a minimum of 400,000 shillings daily. Her hardship is customers not paying on time. Her personal goals are educating her children and improving… More from Rosset'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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