Update on SulaitSulait used the previous loan to buy more soap and cosmetics for women to sell. He is a 28-year-old married man with two children living in Bundibugyo, Uganda. Ten years ago he decided to start a retail shop so as to supplement his agricultural activities and also bring goods nearer to his community.
Since he mainly deals in women's cosmetics, he is challenged by his failure to meet the different tastes and preferences of his customers due to inadequate capital. He has dreams of educating his children and diversifying his business to include home use items such as soap among others so as to mitigate risks. Sulait intends to use the loan to buy soap and cosmetics to sell.
Previous Loan DetailsSulait is a 28 year old married man with two children living in Bundibugyo, Uganda. Ten years ago Suliat decided to start retail shop so as as to suppliment his agricultural activities and also bring goods nearer to his community. Since he mainly deals in women cosmetics he is challenged by the… More from Sulait'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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