Update on LakisaLakisa is now 45 years old, and she is still hardworking, the mother of four children, and lives in Kasese, Uganda. Her personal goal continues to be to educate her children.
She has been a clothes dealer for the last 26 years. After starting with initial capital in the amount of 100,000 UGX, she now has over 4 million UGX. Her major challenge has been insufficient capital to purchase stock; however, she has a vision of expanding her business into new areas.
Lakisa used the previous loan to pay school fees for her children. Lakisa is now seeking a loan to buy additional clothes to sell.
Previous Loan DetailsLakisa is a 44-year-old hardworking lady with four children living in Kasese, Uganda. Her personal goal is to educate her children. She has been a cloth dealer for the last 25 years, after starting with a capital of 100,000 UGX and now has over 3 million. Her major challenge has been inadequate c... More from Lakisa'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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Success!! The loan was 100% repaid