Update on JamesJames is married with five children. He describes himself as a determined man. He operates a motor vehicle repair business. He has been involved in this business for eight years. His business is located in a viable business area and his primary customers are motor vehicle owners. He describes his biggest business challenge as a lack of funds to improve the business. He will use the 50,000 KES loan to buy a motor vehicle pressure machine. His business goal is to run a garage within five years. He hopes that in the future, he will buy a land . This is his second loan with SMEP DTM.
Previous Loan DetailsJames is a married man. He has 5 children with ages ranging from 27 years to 35 years. He describes himself to be honest. He operates a motor vehicle repair business. He has been involved in this business for 7 years and employs 3 staff members. His business is located in a busy market and his… More from James'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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