Update on RobertRobert is a 33-year-old hardworking married man living in Kamwenge, Uganda. He used his previous loan to buy more stock like water, biscuits and sugar to sell. He has personal goals of educating his children and owning a wholesale shop. His still faces a main hardship of inadequate capital to meet the increasing demands.
Robert is requesting a loan to buy soap, crates of sodas, and sugar to sell.
Previous Loan DetailsRobert is a 32-year-old hardworking married man with 2 children, living in Kamwenge, Uganda. He has been operating a retail shop since 2004 along with a motorcycle transport business as his additional income source. His dream is to have a wholesale shop in town to increase his profit base. Despite… More from Robert'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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