Update on LauliLauli used the previous loan to buy cattle to sell as meat in his butcher shop. He is a 50-year-old, hardworking married man who lives in Kagadi, Uganda.
Lauli owns a butcher shop that he has run for the past 21 years. He started with agriculture, from which he saved money to start his current business. He says price fluctuations and inflation are challenges that affect his business. He would like to educate his children and expand his business to new markets.
Lauli intends to use the loan to buy cattle to sell as meat in his butcher shop.
Previous Loan DetailsLauli is a 49-year-old, hardworking, married man who lives in Kagadi, Uganda. He owns a butcher shop that he has run for the past 20 years. He started with agriculture, from which he saved money to start his current business. Lauli says price fluctuations and inflation are challenges that… More from Lauli'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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