Update on DeoDeo used his previous loan to pay for labor and to buy seeds for planting. He operates a general merchandise shop on a busy street, working 6 days a week and 10 hours a day. He also farms for additional income.
Deo began his business to pay school fees for his children. His dream is to expand his business; however, low capital is a challenge he encounters. Deo is requesting a loan to buy beers and sodas to sell.
Previous Loan DetailsDeo is a fifty-four-year-old married man with three children living in Kasese, Uganda. For thirteen years he has been farming, and he also started a retail shop in order to meet his family's daily expenses since farming is seasonal. Wild animals and price fluctuations are his greatest challenges,... More from Deo'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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