Update on StellaStella used the previous loan to buy beer to sell. She has a personal goal of educating her children to attain degrees as minimum qualifications.
She has been running a food business for the last ten years and her main hardships are seasonal weather and inadequate capital to buy enough stock.
She has a vision of expanding her business to new markets. Stella needs a loan to buy beer, sodas, and food for the restaurant to sell.
Previous Loan DetailsStella is a forty eight year old hardworking woman living in Fort Portal, Uganda. She has a personal goal of educating her children to attain degrees as minimum qualifications. She has been running a food business for the last ten years and her main hardships are: seasonal weather and inadequate ... More from Stella'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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Success!! The loan was 100% repaid