Update on PascalPascal is a thirty-four-year-old married male with five children and has been in the clothing business for thirteen years. He works twelve hours a day, located on a busy street, plus rentals for additional income. He used the previous loan to buy clothes to sell targeting Easter season when demand is high. Pascal hopes for his business, however, competition, and seasons affect his business. Pascal is a hardworking man who is asking for a loan to buy more clothes to sell.
Previous Loan DetailsPascal used the previous loan to buy clothes to sell. He is a 33-year-old married man with five children living in Kasese, Uganda. Twelve years ago, he decided to set up a boutique in order to meet his increasing family expenses, and the business has proved to be very lucrative. However, price… More from Pascal'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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