Update on TimaTima is a 57-year-old married woman with three children. She describes herself as honest. She operates a retail store, where she sells home products. She has been involved in this business for two years; it is located in a viable business area, and her primary customers are local residents. She describes insecurity within the area as her biggest challenge.
Tima will use the 50,000 KES loan to buy home products. Her goal is to improve her business within five years. This is her third loan with SMEP DTM after managing to repay her previous loans of 20,000 and 30,000 KES.
Previous Loan DetailsTima is a 56-years-old widowed woman. She has 3 children with ages ranging from 16 years to 29 years. She describes herself to be intelligent and principled. She operates a retail store where she sells home products such as sugar, salt, rice, etc. She has been involved in this business for 3 years.… More from Tima'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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