Update on StephenStephen is a hard working and determined man. He will use this loan to pay tuition for his two sons, one at university and the other at a technical institution.
The previous loans helped him pay for tuition for his children through secondary school up to this level. He is so thankful to UGAFODE for supporting him in changing the status of his family by having educated children. He also thanks Kiva lenders for partnering with him.
Previous Loan DetailsStephen's children were able to study uninterrupted last term due to his previous loan that he used for their school fees. Therefore, their performance was better than previous terms. Now that they are in third term and looking forward to being promoted next year, Stephen is requesting another loan… More from Stephen'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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