Update on SurgeonSurgeon used the previous loan to buy clothes to sell. He is a 32-year-old married man with four children living in Kasese, Uganda. He has been operating a retail shop for 10 years. He started the business in order to supplement his farming activities. His hardships are inadequate capital to purchase stock, price fluctuations and inflation. His personal goals are educating his children and building a permanent house, as they have a small mud-wattled dwelling. His business goal is buying land to grow more crops. Surgeon intends to use the money to buy clothes to sell.
Previous Loan DetailsSurgeon is a 32-year-old married man with 4 children living in Kasese, Uganda. He has been operating a retail shop for 10 years. He started the business in order to supplement his farming activities. His hardships are inadequate capital to purchase stock, price fluctuations and inflation. His per... More from Surgeon'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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