Update on MosesMoses is a thirty-two-year-old married male who lives in Kasese with three children of whom two go to school. He has a textile shop on a busy street and also does farming to get additional income.
Moses wants to develop himself and needs money to buy shirts, school bags, trousers, dresses and baby wear. Moses is a hard working man who faces the challenge of competition.
Previous Loan DetailsMoses is a 28-year-old married man with two children who owns a house in Kasese, Uganda. He has been selling clothes for two years. He started with three million UGX and now has four million. His hardships are insufficient capital and high transport costs, and his vision is a big retail shop… More from Moses'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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This loan has been fully funded!