Update on AsasioAsasio used the previous loan to buy fishnets for fishing. He is a thirty-one-year-old married man with five children living in Kasese, Uganda. He has been fishing for almost two years now but also has a motorcycle for a transport business. His hardships are customers not paying on time, price fluctuation, inflation, and high fuel and transportation costs. His personal goal is educating his children and his business goal is diversifying the business to include motorcycle transport.
Asasio intends to use the money to buy another motorcycle for his transport business. His plan is to hire a rider who will be remitting 80% of the daily earnings to him.
Previous Loan DetailsAsasio is a thirty-one-year-old married man with five children living in Kasese, Uganda. He has been fishing for one year. His hardships are customers not paying on time, price fluctuation, inflation, and high fuel and transportation costs. His personal goal is educating his children and his… More from Asasio'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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