Update on RobertRobert used the previous loan to buy bread, sugar, and rice to sell in his shop. He is a 38-year-old married man with three children. The family is living in his own house in Fort Portal, Uganda.
For six years he has been operating a retail shop, and transporting and selling milk, and with the income earned he has been able to provide for his family. He has the challenges of limited funds to meet consumer demands and low income. His dream is to become a wholesale trader and diversified sources of income.
Robert is requesting a loan to buy general merchandise like Omo, maize flour, and cakes to sell.
Previous Loan DetailsRobert used his previous loan to buy general merchandise to sell. He is a 36-year-old married man with three children. The family is living in his own house in Fort Portal, Uganda. For four years he has been operating a retail shop, and with the income earned he has been able to provide for the… More from Robert'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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