Update on ChristopherChristopher lives in the town of Masindi-Uganda. He sells general merchandise like soap, sugar, juice, posho, rice and salt in a rural area plus has a monthly salary as supplementary income. Christopher started his business so as to cater to the family needs. He hopes to educate his children to attain degrees. However, he faces a challenge of inadequate capital and price fluctuations. Christopher is requesting a loan to buy soap, sugar, juice, posho, rice and salt to sell.
Previous Loan DetailsChristopher, age 30, operates a retail shop where he sells general merchandise. He has been in this business since last year and it allows him to supplement the small salary he earns as a teacher. He lives with his wife and their three children in Masindi, Uganda. As the good father that he i... More from Christopher'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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