Update on HashimHashim is 40 years old and has children. He is a fish monger who has been in the business since 2000. Hashim used the previous loan to purchase fish to sell since it is the main food in the area and is always on high demand. He is faced with the problem of people not paying on time and high license fees.
Hashim requested another loan, which he will to use to buy fish to sell. He wishes to educate his children and complete his residential house.
Previous Loan DetailsHashim is a thirty-nine-year-old married man living in Bundibugyo, Uganda. He used the previous loan to buy fish to sell. High license fees and lack of facilities for refrigeration are the challenges that he still faces. However, he intends to expand his business into new markets, based on the fact… More from Hashim'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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This loan has been fully funded!
- Repayment Term
- 12 months (Additional Information)
- Repayment Schedule
- Jun 6, 2014
- Jun 17, 2014
- Currency Exchange Loss:
Photo from previous loan
Kiva allows our Field Partners to re-use the same photo for individual borrowers that have been posted on Kiva's website once before in a 24 month period, and we allow them to re-use group photos for up to 24 months, provided that 80% of the current group's membership is represented.
Taking, collecting, and uploading photos of borrowers is one of the most challenging elements of using Kiva for our Field Partners. In order to make Kiva easier for Field Partners to use, we have allowed them to post successive and concurrent loans without taking a new photo of the borrower if the criteria above are met.