Twanzane Traders Group
Update on Twanzane Traders GroupFlorence, aged 48 years, is a single female with two children and a member of the Twanzane Traders Group, living in Kasese, Uganda. Florence sells crude salt and has been in that business for 10 years. She runs a retail shop for additional income. She began the business to meet her family's daily needs. Florence is a hard working woman who dreams of educating her children plus improving their standard of living. She intends to use the loan to buy crude salt to sell.
Previous Loan DetailsAmis is a 42-year-old married man with four children living in Kasese, Uganda. For 20 years he has been selling crude salt that is fresh from the lake. Good father that he is, he desires to educate his children up to the university and set up sustainable income-generating activities for them.… More from Twanzane Traders Group'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.
This is a Group Loan
In a group loan, each member of the group receives an individual loan but is part of a larger group of individuals. The group is there to provide support to the members and to provide a system of peer pressure, but groups may or may not be formally bound by a group guarantee. In cases where there is a group guarantee, members of the group are responsible for paying back the loans of their fellow group members in the case of delinquency or default.
Kiva's Field Partners typically feature one borrower from a group. The loan description, sector, and other attributes for a group loan profile are determined by the featured borrower's loan. The other members of the group are not required to use their loans for the same purpose.
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