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Sebit

Update on Sebit

Sebit benefited from the previous loans as follows: he has increased his working capital, bought sugar, milk and many items and paid part of his children's school fees. He is now taking another loan to buy more items like sugar, salt, milk and many others. Sebit is very happy for the loans and Kiva's work.

Previous Loan Details

Sebit is a 50-year-old businessman who lives in Juba. He is married and has 5 children between the ages of 21 and 8. All of them go to school. Sebit runs a food stall business and he has been in this business for 7 years. He has 1 employee. Sebit heard about Finance Sudan from the loan office... More from Sebit's previous loan »

Additional Information

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.

About South Sudan

  • $2,000
    Average annual income
  • 0
    View loans »
    South Sudan Loans Fundraising
  • $2,343,750
    Funds lent in using Kiva
  • 3.2
    South Sudanese Pounds (SSP) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,250 helped Sebit to purchase items like wheat flour, cooking oil, salt, milk, sugar, etc.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 28, 2013
Listed
Mar 3, 2013
Currency Exchange Loss:
Possible
Ended:
Oct 17, 2013
This photo was used before for a previous loan for Sebit. It was first posted on Kiva on Dec, 2011. Learn More