Update on SarahSarah, who used her previous loan to buy sugar, maize flour, soap and cooking oil to sell is a 31-year-old woman living in Kamwenge, Uganda.
She still faces hardships of price fluctuations and inflation, seasonal weather and inadequate capital to buy stock.
However, she has a vision of hiring employees to help grow her business and of expanding her business to new markets. Sarah is requesting for a loan to buy sugar, juice, soap and cutlery to sell.
Previous Loan DetailsSarah is a 30-year-old woman living in Kamwenge, Uganda. Her personal goal is to educate her children to attain degrees. She has been operating a retail shop for three years, and her main hardships are price fluctuations and inflation, seasonal weather and inadequate capital to buy stock.… More from Sarah'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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