Update on LydiaLydia is 30 years old and married with four children. She lives in Hioma, Uganda. She sells rice and maize and has been in this business for two-and-half years. She is faced with a challenge of limited storage facilities. Her business goal is to expand into new markets, and her personal goal is to educate her children.
Lydia needs a loan to buy rice and maize for sale.
Previous Loan DetailsLydia is married with three children and her spouse sells spare parts. She has one dependent and has a family of five people. Her family goal is to send her children to good schools. She lives in Kinubi Hoima and she sells fresh foods which she has been doing for the past 12 years. She started wi... More from Lydia's previous loan »
Important InformationThis loan provides farmers and low-income entrepreneurs from underserved rural areas with access to financial services. By supporting this loan, you allow more farmers and rural entrepreneurs to access capital.
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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