Update on TherezaThereza used the previous loan to pay school fees for her children. She is a 48-year-old married woman with three children living in Kasese, Uganda. After assessing the lucrative nature of the transport sector, she decided to invest in motorcycle transport, and with the income earned, she has been able to buy land and pay school fees for her children.
Thereza's courage is such as you can rarely find, given the cultural set-up that women are not supposed to ride motorcycles, but she does. She has been in business for three years. Her major challenges are high fuel costs and the poor road network, while her business dream is to hire out the motorcycle and venture into farming if she gets enough capital. Thereza is requesting a loan to pay school fees for her children.
Previous Loan DetailsThereza is a 48-year-old married woman with three children living in Kasese, Uganda. After assessing the lucrative nature of the transport sector, she decided to invest in motorcycle transport and with the income earned, she has been able to buy land and pay school fees for her children. There... More from Thereza'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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