Update on WilliamWilliam used the previous loan to buy cattle. He is a 50-year-old married man living in Kagadi, Uganda. He has been rearing cattle for the past 10 years. He started by farming crops and after selling his proceeds he diversified into rearing cattle. Price fluctuations for milk and unpredictable seasonal weather affect his business. He would like to support his children's education and expand his business to new markets. William is requesting a loan to buy cattle to sell.
Previous Loan DetailsWilliam is a 50-year-old married man living in Kagadi, Uganda. He has been rearing cattle for the past 10 years. He started by farming crops and after selling his proceeds he diversified into rearing cattle. Price fluctuations for milk and unpredictable seasonal weather affect his business.… More from William'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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