Update on AgnesAgnes used the previous loan to buy general merchandise to sell. She is a thirty-nine-year-old married woman with seven children living in Kasese, Uganda. She has been operating a retail business for four years. With the proceeds from the business she has been able to pay school fees for her children.
Her hardship is customers not paying on time, and her personal goal is educating her children to university level. Her business goal is moving her business to a more permanent location. Agnes intends to use the money to buy soap and sugar to sell.
Previous Loan DetailsAgnes is a thirty-eight-year-old married woman with seven children living in Kasese, Uganda. She has been operating a retail business for three years. With the proceeds from the business she has been able to pay school fees for her children. Her hardship is customers not paying on time, and her p... More from Agnes'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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