Update on IbrahimIbrahim used the previous loan to buy clothes to sell. He operates a boutique and works 7 hours per day.
In addition to the above, he has involved himself in farming and he cultivates bananas and maize. He sells to the women in the town and others from the neighborhood. He is aiming at having enough stock for his business even though he faces a shortcoming of limited capital.
Ibrahim needs a loan to buy a stock of clothes to sell.
Previous Loan DetailsIbrahim used the previous loan to buy clothes to sell. He is a 36-year-old, married man with children and lives in Fort Portal, Uganda. He first worked as a hawker, but he now owns a retail shop that sells clothes and dressmaking supplies. He has run this business for more than 5 years. His goals… More from Ibrahim'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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