Update on OliverOliver used the previous loan to buy general merchandise to sell. She is a 32-year-old married woman with four children living in Kasese, Uganda. She has been running a retail shop for five years. She started with 500,000 shillings and now has 3,500,000 shillings as working capital. Her hardships are inadequate capital to meet the high demand, price fluctuations, and inflation. Her personal goals are educating her children and building a permanent home and her business goals are buying land to grow crops and expanding her business into new markets. Oliver is requesting money to buy sugar, salt, soap and cassava flour to sell.
Previous Loan DetailsOliver is a 31 year old married woman with four children living in Kasese,Uganda. She has been running a retail shop for five years. She started with 500,000 shillings and now has 3,000,000 shillings as working capital. Her hardships are inadequate capital to meet the high demand, price… More from Oliver'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