Update on FridayFriday, a 33-year-old married father of four living in Kasese, Uganda, has been operating a retail shop for three years. He got his start-up capital from his previous employment as a shop attendant. Customers not paying on time are his main business challenge. His personal goal is building a permanent house, and his business goal is moving his business to a more permanent location.
Friday intends to use this loan to buy beans, sugar, maize flour and groundnuts. He used his previous one to buy a deep freezer.
Previous Loan DetailsFriday is a thirty-three-year-old married man with four children living in Kasese, Uganda. He has been operating a retail shop for three years. He got capital from his previous employment as a shop attendant. His hardship is customers not paying on time. His personal goal is building a permanent ... More from Friday'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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Success!! The loan was 100% repaid