Update on WilsonWilson is a 34 year old married man. He describes himself as ambitious. He operates a retail store where he sells motorcycle spare parts. He has been involved in this business for eight years. His business is located in an area of good potential and his primary customers are motorcycle owners.
He describes his biggest business challenge as inadequate funds. He will use the KES 50,000 loan to add stock of motorcycle spare parts.
His business goal is to have a financially stable business within five years.
He hopes that in the future, he will excel in business. This is his second loan with SMEP DTM. A previous loan of KES 20,000 was repaid successfully. He will use the anticipated profits to pay back the loan.
Previous Loan DetailsWilson is a married man. He has three children with ages ranging from five to seven years. He describes himself to be an optimistic man. He operates a retail business where he sells water. He has been involved in this business for two years and employs two staff members. His business is located… More from Wilson'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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