Update on LucyLucy is a 50-year-old married woman. She has two children . She describes herself to be ambitious. She operates a grocery store where she sells tomatoes, spinach, onions, and other vegetables. Her business is located in an area with potential and her primary customers are of all types.
She describes her biggest business challenge to be inadequate finances and the dry season which affects the supply of vegetables. She will use the 20,000 KES (Kenya shillings) loan to add a stock of vegetables for resale. Her business goal is to be financially stable within 5 years.
She hopes that in the future she will excel in her business. She will use the anticipated profits to repay the loan.
Previous Loan DetailsLucy is a 48-year-old married woman. She has two children, ages 21 and 24 years old. Lucy describes herself as an optimistic woman. She operates a retail business, where she sells cereals, drinks, snacks, beauty products, etc. She has been involved in this business for five years. Her business is… More from Lucy'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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