Update on MathewMathew is grateful to the Kiva lenders for the work they are doing, especially contributing to his tuition.
Mathew has approached UGAFODE for a loan of UGX 1,500,000 to stock more drugs in his drug shop. Mathew's major challenge is competition from well-established clinics and drug shops who offer the same services that he does.
Mathew's dream for the future is to construct a big hospital with all the facilities so that he can deliver better services to the community. He is a hardworking man according to community members.
Previous Loan DetailsMathew is a married man, aged 37. He has four children who are aged 10, 8, 6, and 4 years, and all of them attend school. Mathew is a clinic officer, and he has been in this business since 2011 as the major source of income for the family. Mathew approached Ugafode for a loan of 800,000 UGX t... More from Mathew'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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- Repayment Term
- 12 months (Additional Information)
- Repayment Schedule
- Mar 17, 2014
- Mar 25, 2014
- Currency Exchange Loss:
- Mar 17, 2015
Photo from previous loan
Kiva allows our Field Partners to re-use the same photo for individual borrowers that have been posted on Kiva's website once before in a 24 month period, and we allow them to re-use group photos for up to 24 months, provided that 80% of the current group's membership is represented.
Taking, collecting, and uploading photos of borrowers is one of the most challenging elements of using Kiva for our Field Partners. In order to make Kiva easier for Field Partners to use, we have allowed them to post successive and concurrent loans without taking a new photo of the borrower if the criteria above are met.