Update on JosephJoseph used the previous loan to buy general merchandise to sell. He is a 43-year-old father of seven children who operates a retail business in Kagadi,Uganda. He has operated this business for 16 years. Joseph started as a market vendor and accumulated capital, then started a retail shop. He says inadequate capital is the hindering factor towards the growth of this business. He would like to educate his children and he wants to move the business to a more permanent location. Joseph intends to use the loan to buy soap, sodas, and sugar to sell.
Previous Loan DetailsJoseph is a 43-year-old married man with 7 children between the ages of 22 and 5 years, living in Karuguuza, Uganda. He lives in his own house where he stays with 6 people, and his desire is to educate his children up to university. For 15 years, Joseph has been operating a retail shop… More from Joseph'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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Success!! The loan was 100% repaid
- Repayment Term
- 12 months (Additional Information)
- Repayment Schedule
- Nov 20, 2012
- Dec 4, 2012
- Currency Exchange Loss:
- Sep 17, 2013
Photo from previous loan
Kiva allows our Field Partners to re-use the same photo for individual borrowers that have been posted on Kiva's website once before in a 24 month period, and we allow them to re-use group photos for up to 24 months, provided that 80% of the current group's membership is represented.
Taking, collecting, and uploading photos of borrowers is one of the most challenging elements of using Kiva for our Field Partners. In order to make Kiva easier for Field Partners to use, we have allowed them to post successive and concurrent loans without taking a new photo of the borrower if the criteria above are met.