Update on MaryMary is a married woman. She has five children. She describes herself to be an energetic and ambitious woman. She operates a retail store where she sells household items. Her business is located in a suitable business area and her primary customers are local residents. She describes her biggest business challenge to be insufficient funds for improving the business. She will use the KES 50,000 loan to buy household items to sell. Her business goal is to expand her business within five years. She managed to pay a loan of KES 20,000 successfully.
Previous Loan DetailsMary is a 52-year-old woman. She has five children with ages ranging from 14 to 26 years old. She describes herself to be a kind and supportive woman. She operates a retail store where she sells household items such as sugar, flour, rice, etc. She has been involved in this business for 29 years. ... More from Mary'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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