Update on HarrisonHarrison is grateful for the great financial boost he has received through Milango as a first loan. He added it to his savings and purchased a second hand motorcycle. The demand for such a means of transport is still quite high and he is therefore applying for a second loan of 31,450 Kenya shillings to add and purchase a second motor cycle. He intends to save the additional income for future investments.
Previous Loan DetailsHarrison is a resident of Malindi, Kenya. He runs a motorcycle transport business in the area. This mode of transport is preferred by many who lack enough money for other transportation and also for movement within short distances in the area. He began the business three years ago. Harrison was… More from Harrison'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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