Update on ElizabethElizabeth used the previous loan to buy drugs for her business. This business helps to supplement her income.
Her challenge is inadequate capital and competition from free services at government hospitals. However, she has a vision of educating her children.
Elizabeth needs a loan to buy drugs to restock her pharmacy's inventory.
Previous Loan DetailsElizabeth is a thirty-two-year-old female living in Masindi, Uganda. She sells drugs along the market street in Kigumba town council, plus earns a government salary as her side income. Elizabeth started the business in 2007 so as to cater to her family. Inadequate capital is her major challenge,… More from Elizabeth'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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