Update on OliverOliver is a 33-year-old married woman with four children who all go to school. Oliver operates a retail shop on a busy street. She works seven days a week, 12 hours a day and has been six years in business. She also owns rentals and does farming for additional income.
Oliver began the business to support her family and wants a loan to buy rice, sugar, jerry cans and soap to sell. Educating her children and business expansion are her dreams, only to be challenged by limited capital.
Previous Loan DetailsOliver used the previous loan to buy general merchandise to sell. She is a 32-year-old married woman with four children living in Kasese, Uganda. She has been running a retail shop for five years. She started with 500,000 shillings and now has 3,500,000 shillings as working capital. Her hardships... More from Oliver'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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