Nabweru Development Group
Update on Nabweru Development GroupPatrick is 28 years old. He is a member of Nabweru Nansana Development group. He is single, however he has a lot of responsibilities taking care of his siblings and the children of his late brother, who passed away three years ago.
At the tender age of 16, Patrick started his business of brick laying in order to earn income to be able to pay his own school fees. Due to insufficient funds, Patrick did not go far in his studies; however, he never lost hope but continued to work hard to see to it that his siblings and dependents succeed in their education.
Patrick wants a loan to boost his bricklaying business so as to be able to continue paying school fees for his dependents, and also to cater to life’s basic needs. He is grateful that he has somewhere to turn for financial assistance when the going gets tough. Thank you, Kiva lenders.
Previous Loan DetailsRuth is 35 years old, a resident of Nabweru, and a member of Nabweru Development Group. She is married and has four children, who all attend school. Despite the fact that she earns little income, Ruth also takes care of her brother’s children, because he passed away two years back. Ruth starte... More from Nabweru Development Group'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.
This is a Group Loan
In a group loan, each member of the group receives an individual loan but is part of a larger group of individuals. The group is there to provide support to the members and to provide a system of peer pressure, but groups may or may not be formally bound by a group guarantee. In cases where there is a group guarantee, members of the group are responsible for paying back the loans of their fellow group members in the case of delinquency or default.
Kiva's Field Partners typically feature one borrower from a group. The loan description, sector, and other attributes for a group loan profile are determined by the featured borrower's loan. The other members of the group are not required to use their loans for the same purpose.
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Success!! The loan was 100% repaid