Update on HusainHusain used his previous loan to buy gifts to sell. He is a married man with 2 children, and he has a gifts business which he has run for a period of 4 years. He got capital from agriculture, which he practiced for a period of 6 years. He says inadequate capital and customers not paying on time are affecting the business. His dreams are to educate his children and expand his business to new markets. Husain intends to use this loan to buy more gifts to sell.
Previous Loan DetailsHusain is a married man with 2 children, and he deals in a gifts business which he has run for a period of 3 years. He got capital from agriculture which he practiced for a period of 6 years. He says inadequate capital and customers not paying on time are affecting the business. Husain would like... More from Husain'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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