Update on SebastianSebastian is a 45-year-old married man with five children, four of whom go to school. He lives in Kasese, Uganda. He has been a teacher for ten years and does farming on the side to generate additional income. With his limited salary, he has managed to keep his children in school. His major challenges are long distances to his work place and delayed salary. Sebastian's plan is to specialize in commercial agriculture. Sebastian is requesting a loan to pay the school fees for his children.
Previous Loan DetailsSebastian is a 44-year-old hard-working man with three children. He lives in Kasese, Uganda. Nine years ago he decided to begin trading in bananas and coffee, due to their lucrative nature. Most of his customers are traders from the city to export products to other countries, so he is able to… More from Sebastian'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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This loan has been fully funded!