Update on HashimHashim is a thirty-nine-year-old married man living in Bundibugyo, Uganda. He used the previous loan to buy fish to sell. High license fees and lack of facilities for refrigeration are the challenges that he still faces. However, he intends to expand his business into new markets, based on the fact that fish is the main source of food in Bundibugyo and it is in high demand. Hashim is requesting the loan in order to buy fish to sell.
Previous Loan DetailsHashim is a thirty-nine-year-old married man living in Bundibugyo, Uganda. He sells fish, and with the income earned he has been able to renovate his house and pay school fees for his children. He also grows cocoa and has a boutique to supplement his income. High license fees and lack of… More from Hashim'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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