Update on AzizAziz used his previous loan to buy spare motorcycle parts to sell. He is a 41-year-old, married man with eight children, living in Kagadi, Uganda. He has been dealing in spare parts for a period of eleven years. He earned the capital to start his repair business by working as a motorcycle cyclist. Inadequate capital is the adverse factor most affecting his business.
Aziz would like to build a permanent home and hire employees to help expand his business while his personal goal is to give a hands-on training to his children as a business continuity strategy. Aziz intends to use the loan to buy motorcycle spare parts to sell.
Previous Loan DetailsAziz is a 41-year-old man who has run a motorcycle repair and spare parts business in Kagadi town for ten years. He earned the capital to start his repair business by working as a boda boda cyclist. Inadequate capital and price fluctuations are factors hindering his business. Aziz would like to… More from Aziz'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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