Update on FredFred is married and has 3 children. He describes himself as focused. For the past 15 years, Fred has operated a retail store where he sells charcoal. His business is located within a residential area and his primary customers are local residents. Fred describes his biggest business challenge to be lack of funds for buying more charcoal to sell. He also works part time as a cleaner at a hospital.
Fred will use this KES 40,000 loan to buy charcoal to sell. His business goal is to be a supplier of charcoal within 5 years. This is Fred's third loan with SMEP DTM, and he managed to successfully repay his previous loan of KES 20,000.
Previous Loan DetailsFred is a 50-year-old married man. He has three children with ages ranging from 19 to 30 years. He describes himself to be aggressive. He operates a retail store where he sells charcoal. He has been involved in this business for 15 years. Fred's business is located in a fast-growing area and ... More from Fred'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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