Update on JoiceJoice used her previous loan to buy chairs and paint for the hotel that she runs. She is a forty-year-old married woman with four children, living in Kasese, Uganda. She has been in the hotel business for seven years and with her income she has been able to pay the school fees of her children. Her challenges include price fluctuations, inflation and customers not paying on time. Joice's personal goals are educating her children and building a permanent house for her family; her business goals are to diversify the business to include a piggery, to hire employees to help expand the business and to expand to new markets. Joice intends to use the loan to buy food to sell in her hotel.
Previous Loan DetailsJoice is forty-year-old married woman with four children living in Kasese, Uganda.She has been in the hotel business for seven years and with the proceeds she has been able to pay school fees for her children. Her hardships are price fluctuation, inflation and customers not paying on time. Personal… More from Joice's previous loan »
More information about this 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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Success!! The loan was 100% repaid
- Repayment Term
- 12 months (Additional Information)
- Repayment Schedule
- Apr 5, 2013
- Apr 21, 2013
- Currency Exchange Loss:
- Jan 20, 2014
Photo from previous loan
Kiva allows our Field Partners to re-use the same photo for individual borrowers that have been posted on Kiva's website once before in a 24 month period, and we allow them to re-use group photos for up to 24 months, provided that 80% of the current group's membership is represented.
Taking, collecting, and uploading photos of borrowers is one of the most challenging elements of using Kiva for our Field Partners. In order to make Kiva easier for Field Partners to use, we have allowed them to post successive and concurrent loans without taking a new photo of the borrower if the criteria above are met.