Update on ClovisClovis used the previous loan to buy cattle and local brew to sell. He is a hardworking married man with five children living in Fort Portal, Uganda. He trades in local brew and cattle, and with the proceeds, he has been able to provide basics to his family.
He was initiated into business by his father and he has since grown to love the business despite the challenges of high license fees and inadequate capital. Clovis intends to use the loan to buy local brew to sell.
Previous Loan DetailsClovis used the previous loan to buy cattle and local brew for selling at a profit. He faces a challenge of price fluctuation and seasonal weather. His dream is educating his children and diversifying the business. Clovis needs this loan to buy a plot of land so as to construct a commercial house. More from Clovis'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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