Update on RosetteRosette is a 39-year-old, single parent living in Fort Portal, Uganda. Her personal goals are to educate her children and to buy a car.
She used the previous loan to buy clothes to sell. Seven years ago she secured enough capital to open a retail clothing shop. Her business challenges continue to be things like price fluctuations, inflation, high fuel and transportation costs, and seasonality.
Rosette is seeking this loan so that she can buy clothes to sell this Christmas season.
Previous Loan DetailsRosette is a 39-year-old single parent living in Fort Portal, Uganda. She started with a retail shop and got capital to start a clothing shop seven years ago. She faces a challenge of price fluctuations and inflation, high fuel and transportation costs, and seasonal customers. Her personal go... More from Rosette'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