Update on EmmanuelEmmanuel used his previous loan to buy land to expand his plantation. He is a 32-year-old married man with three children, living in Kyenjojo in Uganda.
For the past eight years he has been growing bananas for commercial purposes. He accumulated capital from selling maize and beans and bought land, which he is currently farming. He faces the problems of seasonal weather changes, theft, high fuel prices, and transportation. He has a personal goal of buying a car for easy transportation and a business goal of trading in bananas since the demand is very high and his plantation is not sufficient for the market. Emmanuel intends to use this loan to buy bananas to sell.
Previous Loan DetailsEmmanuel is a 32-year-old married man with three children, living in Kyenjojo in Uganda. For the past eight years he has been growing bananas for commercial purposes. He accumulated capital from selling maize and beans and bought land, which he is currently farming. He faces the problem of season... More from Emmanuel'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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