Update on MosesMoses, a 29-year-old male, used the previous loan to buy drinks such as sodas and beer before the Christmas season. He also practices farming to make ends meet. Moses started his business so as earn a living and hopes to be self-sustainable. However, he faces challenges like weather changes and monopoly buyers. Moses is a hardworking man who intends to use the loan for weeding his gardens.
Previous Loan DetailsMoses is a 29-year-old, hardworking married man who lives in Masindi, Uganda. He operates a bar, a business he started in order to raise money to support his family. Being a good father, he desires to educate his children at the college degree level. Price fluctuations and the high cost of rent… More from Moses's previous loan »
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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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