Update on RebecahRebecah is a 60-year-old married woman. She has seven children. She describes herself to be friendly. She operates a farm where she keeps dairy cows, which produce milk for sale. She has been involved in this business for five years. She also operates a food kiosk to earn extra income. Her primary customers are common citizens. She describes her biggest business challenge to be a lack of sufficient funds to support her business. She will use the KES 50,000 loan to buy animal feeds. She hopes that in the future, she will expand her business. This is her second loan with SMEP DTM. Her previous loan of KES 20,000 was repaid successfully.
Previous Loan DetailsRebecah is a married woman, age 60, and she has seven children. She has been operating a food kiosk for five years. Her customers are local residents. She faces lack of sufficient funds to run the kiosk. Rebecah plans to use this 20,000 Kenyan shilling loan to upgrade her food kiosk. She plans… More from Rebecah'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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