Update on MargretMargret is a 42-year-old single female with four children who all go to school. Margret sells crude salt and works seven days a week, 12 hours a day. She has been in business for 10 years. Margret began the business to sustain her family and needs money to buy salt to sell. She has hopes of educating her children despite the challenge of unpredictable weather changes.
Previous Loan DetailsMargret used the previous loan to buy salt to sell. She is a 40-year-old single mother of four children living in Kasese, Uganda. She has been selling salt for 15 years. Her hardships are seasonal weather, price fluctuations and inflation. Her personal goals are educating her children and buildin... More from Margret'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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