Update on KuvunaKuvuna is a 45-year-old married woman. She has a daughter who is 22 years old. She describes herself to be an honest woman. Previously, Kuvuna was selling herbal medicine to customers. She decided to start a new business of retail business where she has been selling cereals, plastic items, firewood, slippers for the last three years to increase her business income. Her business is located at a viable business area and she describes her biggest business challenge to be the high transportation cost of cereal to her business and customers.
She will use the 25,000 Kenyan shillings (KES) loan to buy cereals to sell. Her business goal is to run a wholesale business within five years. She hopes that in the future, she will improve the living standards of her family. This is her second loan with SMEP DTM.
Previous Loan DetailsKuvuna is a 44 year old widowed woman. She has a daughter who is 21 years old. She is an intelligent and hardworking woman. She operates a retail stall where she sells herbal medicine. She has been involved in this business for 3 years. Her business is located in a strategic area and her… More from Kuvuna'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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