Update on GorretiGorreti used her previous loan funds to buy pharmaceutical items to offer for sale in her pharmacy. She has continued with her pharmacy business, but she also operates a pub for additional income. Her primary hardships are limited capital and competition. Nevertheless, she dreams of opening up outlets in nearby towns, thereby expanding her businesses.
Gorreti is requesting a loan in order to buy soda, beer, and water to offer for sale in her pub.
Previous Loan DetailsGorreti is a hardworking single parent with one child. They live in a permanent house in Fort Portal, Uganda. Her goal is to educate her child. Her current business is selling pharmaceuticals in her shop, which she started two years ago. However her challenge is lack of enough capital to expand ... More from Gorreti'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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