Update on GrittaGritta is 30 years old. She is married and has two children. She sells sorghum and has been in the business for the past four years. She makes local beers and juices made from sorghum. Therefore, with this new loan, she would like to buy more sorghum which will be used to make local beers for sale. She plans to use the profits for providing food for the family. She is happy with the return from the previous loan, which helped in restocking the business.
Previous Loan DetailsGritta is 29 years old. She is married and has two children, aged between five and eight. She has been selling locally made beer from sorghum for the past three years. With the loan, Gritta would like to buy more sorghum to make more locally produced beers for sale. The profits from the busin... More from Gritta's previous loan »
About Urwego Opportunity Bank of Rwanda (UOB)Urwego Opportunity Bank (UOB) helps underserved Rwandans by providing its clients with the necessary credit and savings capabilities required for economic transformation. It offers credit products, including group and individual loans, as well as training in business development, financial literacy and health management. UOB loan products leverage social collateral since most group members have little to no collateral.
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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