Update on JamesJames used the previous loan to buy eucalyptus trees for timber. He is a 41-year-old married man with five children living in Kasese, Uganda. He has been selling timber for 14 years, has a retail shop and is a farmer. His hardships are customers not paying on time, inadequate capital to purchase stock, and seasonal weather. His personal goals are educating his children, building a permanent house for his residence and self-education. His business goals are buying land to grow crops, expanding his business into new markets, and hiring employees to help expand the business. James wants money to buy soap, salt, sugar and manure.
Previous Loan DetailsJames is a forty-year-old married man with five children living in Kasese, Uganda. He has been selling timber for fourteen years. His hardships are customers not paying on time, inadequate capital to purchase stock, and seasonal weather. His personal goals are educating his children, building a… More from James'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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