Update on KenedyKenedy is a 28-year-old married man. He has a child. He describes himself as an honest and obedient man. He operates a retail business where he sells shoes. He has been involved in this business for five years. His business is located at a market, and his primary customers are local residents. He describes his biggest business challenge to be stiff competition within the market. He will use the KES 30,000 loan to buy shoes for resale. His goal is to improve his business within five years. He hopes that, in the future, he will expand his business. This is his second loan from SMEP DTM. His previous loan was repaid successfully.
Previous Loan DetailsKenedy is a 27-year-old married man. He has a child. He describes himself to be an honest and obedient man. He operates a retail business where he sells clothes. He has been involved in this business for 5 years. His business is located at a market and his primary customers are local residents. He… More from Kenedy'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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