Update on NizarThe photo shows Nizar in his garden shop. Nizar is a 47-year-old married man who has no children.
For the past three years, Nizar has had a garden shop. He has been selling different types of seedlings and flowers. He is well known among his customers and has a lot of loyal customers, which makes his project a successful and profitable one. It is the only source of income for him and his wife.
Nizar is requesting a 3,000 USD loan from FATEN to cover the cost of purchasing a new collection of seasonal seedlings and flowers that customers often request and buy. This will meet the customers' demands and improve Nizar's income, which will help to offer better living conditions to Nizar and his wife.
Previous Loan DetailsNizar is a 47-year-old man. He is married and has no children. For the past three years, Nizar has had a garden shop where he sells customers different types of seedlings and flowers. This is a profitable project and his only source of income. Nizar is requesting a US $1,000 loan from FATEN... More from Nizar'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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