Update on VincentVincent intends to use this loan to buy a grass cutting machine. He is a 46-year-old married man with two children living in a semi-permanent house in Fort Portal, Uganda. He has been a brick layer for 13 years, and this has enabled him to pay his children’s school fees. He started as a farmer and later switched to brick making but, being an ambitious man, he wants to diversify his income sources and venture into grass cutting for schools and hospitals.
Previous Loan DetailsVincent is a forty five year old married man with two children. He lives in his own semi permanent house in Fort Portal, Uganda. He has been a brick layer for twelve years, and this has enabled him to pay his children’s school fees. He started as a farmer and later switched to brick making. He ... More from Vincent'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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