Update on HarrietHarriet used the previous loan to buy sugar and soap to sell and renovate her house. She still owns a retail shop in addition to growing onions and bananas.
Her challenge in this business is price fluctuations and inflation, unpredictable weather changes and customers not paying on time. Her dream is to educate her children and diversify her business to a wholesale shop. Harriet intends to use the loan to buy sugar and soap to sell.
Previous Loan DetailsHarriet used the previous loan to complete her house. However, she changed from the transportation sector and now owns a retail shop. Her challenge in this business is price fluctuations and inflation and customers not paying on time. Her dream is to educate her children and diversify her busines... More from Harriet'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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