Update on MargretMargret is a fifty-year-old woman who used her previous loan to pay school fees for her children. She sells food in a restaurant and began the business in 2009 to earn a living and educate her children. The general public are her major clients. Like any loving parent she wants a loan to pay school fees for her children. She is faced with a challenge of inadequate capital.
Previous Loan DetailsMargret is a 49-year-old married woman with two children living in Masindi, Uganda. She operates a restaurant and with the proceeds, she has been able to pay school fees for her children and build a house. The high cost of rent and staff turnover are her major challenges while her dreams are to own… More from Margret'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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