Update on JuliusJulius is a 48-year-old married man. He has 5 children. He describes himself as a God-fearing, determined and honest man. He operates a retail store where he sells jewelry. He has been involved in this business for 1 year. His business is located in a viable business environment and his primary customers are churches and local residents. He describes his biggest business challenge as the high price of jewelry . He will use this 20,000 KES loan to buy jewelry to sell. His business goal is to shift more of his concentration to a business providing transportation to customers within 5 years. Previously, Julius took a loan of 5,000 KES which he managed to pay successfully. In addition, he sells snacks, which increases his business income.
Previous Loan DetailsJulius is a married man. He has two daughters and two sons. He describes himself to be honest, competent, and God-fearing. He operates a retail business where he sells jewelery. He has been involved in this business for five months. His business is located at a viable place. He will use the 5,000... More from Julius'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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