Update on ConsolataConsolata used the previous loan to buy clothes to sell in a business she started with an aim of having a source of income to help look after her family.
Ever-changing customer preferences coupled with inadequate capital affect her business growth, while she dreams of owning a modern boutique.
Consolata intends to use the loan to stock bedding, like bed covers and bed sheets to sell.
Previous Loan DetailsConsolata is a hardworking 48-year-old woman with 5 children who lives in Fort Portal, Uganda. Selling used clothes is her main business, which she started with an aim of having a source of income to help look after her family. Ever-changing customer preferences coupled with inadequate capital… More from Consolata'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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