Update on JoviaJovia is forever grateful for the lenders that contributed to funding her previous loan, which enabled her to acquire a piece of land. With the piece of land, she was able to increase her farming and even bought some cows, which are grazing on the land. This has increased her output, providing her with more income so she can now ably meet her household needs. She will also be able to raise the money to pay for the tuition for her son who is enrolling in a university next year. Jovia is a committed and honest woman.
Previous Loan DetailsJovia is a 40-year-old widow. She has five children and a dependent. She has to meet all of their needs and therefore does agriculture to sustain her family, as she lives in the countryside. Jovia grows beans, millet, and bananas, which she uses for her household and also sells in case she has an... More from Jovia's previous loan »
More information about this loan
This loan is part of UGAFODE's program for clients who live in isolated rural areas with limited access to financial services. Uniquely, UGAFODE focuses its efforts on agricultural areas in Uganda that are over 50 km from their branches, providing loans to both groups and individual borrowers. The organization believes that the risk of offering services to remote clients is outweighed by the benefits to customers and their often underserved communities.
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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