Update on KasimbaziKasimbazi used the previous loan to buy 30 jerrycans of local brew to sell. He is a 30-year-old man with four children. He has operated a business selling local brew in Kagadi for 10 years. High transport costs and inadequate capital are factors affecting the growth of this business. He wishes to educate his children up to the University and buy a car, and while his business plan is to diversify his business and expand into other markets, Kasimbazi intends to use the loan to buy local brew to sell.
Previous Loan DetailsKasimbazi is a 30-year-old man with 4 children. He has operated a business selling local brew in Kagadi for a period of ten years. High transport costs and inadequate capital are factors affecting the growth of this business. Kasimbazi wishes to educate his children and buy a car, and he would… More from Kasimbazi'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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