Update on AlbertAlbert used the previous loan to buy a motorcycle. He is a 31-year-old married man with three children living in Kagadi, Uganda. He is a teacher by profession, and he has been in service for four years. His inspiration to teach started during his primary school days, when they would not have classes, for lack of teachers at school. He says that he has since found satisfaction teaching the young children.
With his low salary, he has been able to buy land and grow maize, beans and other food crops. Price fluctuation and prolonged drought affect his projected yields and growth, while his dream is to buy land and farm extensively. Albert is requesting a loan to buy land for farming.
Previous Loan DetailsAlbert is a 31-year-old married man with three children living in Kagadi, Uganda. He is a teacher by profession, and he has been in service for three years. Albert's inspiration was to teach starting during his primary school days when they would not have classes, for lack of teachers at scho... More from Albert's previous loan »
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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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