Update on DeoDeo is 27 years old with two children living in Kagadi, Uganda. For 11 years he has been selling local brew, having got start-up capital from his mother. Price fluctuations and inadequate capital are affecting the growth of his business. Deo used the previous loan to buy local brew to sell.
With the proceeds from the previous loan, he was able to start a retail shop in order to supplement his income. He dreams of building a permanent home and educating his children. His business plan is to expand to new markets.
Deo is requesting for a loan to buy general merchandize such as soap and sugar to sell.
Previous Loan DetailsDeo is 26 years old with two children living in Kagadi, Uganda. For ten years he has been selling local brew, having got start-up capital from his mother. Price fluctuations and inadequate capital are affecting the growth of his business. He dreams of building a permanent home, educating his… More from Deo'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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Success!! The loan was 100% repaid