Update on SamuelThank you Kiva lender for lending to Samuel. He used the other loan to buy food stock for his food business. The business really grew after the loan term and now he wants to diversify. He started another business in the course of the previous loan using the income he raised and now he seeks a loan to buy wheat flour, maize flour and other retail products for the for the new business. When not in one of his businesses he is farming in his farm or teaching. The extra income will improve his standards of living.
Previous Loan DetailsSamuel has seen great progress in doing business. The food stall he owns received a boost and the volume of business increased after additional restocking was done. Due to his ability to seize opportunities, the farm also produced enough supply for the family. He was also able to pay for his… More from Samuel'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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