Update on AgnesAgnes and her family are forever grateful for how far the UGAFODE Micro finance has brought them. One of the daughters is awaiting her high school exams, and the other two are still in secondary school. The loan will help her pay tuition for her two daughters and buy their scholastic materials. This will enable her children to study well without the interruption of going back home to bring tuition. Agnes is a resilient and honest lady.
Previous Loan DetailsAgnes's daughter, now in senior six, will be able to complete her final year this term. The other two children are also progressing in school. Agnes is so grateful for UGAFODE and the lenders Kiva has brought her. Her children have been able to attend decent schools because of the loans, which wo... More from Agnes'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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