Mbuzi Tukorrehamu Group
Update on Mbuzi Tukorrehamu GroupAdolf is member of the above-mentioned group where each one guarantees the other in accessing a loan. He sells secondhand clothes and also practices farming. The good father that he is, Adolf desires to educate his children up to the university and set up sustainable income-generating activities for them. Price fluctuations and inflation are his major challenges, while his dream is to trade in wholesale. Adolf intends to use the loan to buy shoes to sell.
Previous Loan DetailsJohn owns and operates a retail shop. He is a hard-working young man who has been running this business for five years. John faces a primary challenge in people taking a long time to clear their debts. His business goal is eventually to own a large wholesale shop. John lives with his wife and... More from Mbuzi Tukorrehamu Group'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.
This is a Group Loan
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Success!! The loan was 100% repaid