Update on AlfredAlfred used the previous loan to weed, plough and buy insecticides for his garden. He is a 42-year-old, hardworking man who lives in Kasese, Uganda with his seven children. His personal goal is to educate his children and build a permanent house. He has been a farmer for ten years after starting his farm with 300,000 shillings; he now has capital of 3,500,000 shillings. His major hardships are high fuel and transportation costs, price fluctuations and inflation while his business goal is diversifying his farm to include animal rearing. Alfred is requesting a loan to pay workers who are harvesting his maize garden.
Previous Loan DetailsAlfred is a forty-one year-old hardworking man with seven children living in Kasese, Uganda. His personal goal is to educate his children and build a permanent house. He has been a farmer for ten years after starting with capital of UGX 300,000 and now has capital of UGX 1,500,000. His major… More from Alfred's previous loan »
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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