Update on StellaStella has been busy growing her business since her last Kiva loan in 2009.
To help expand her business, Stella has requested a loan of 3,000,000 Ugandan Shillings from BRAC Uganda. The loan will be used to buy more clothes for resale, and will help Stella to generate greater profits and manage to pay school fees for her children. Stella hopes that in the future she will be able to increase sales and get enough profits so as to complete her house.
Stella is a member of BRAC's Small Enterprise Program (SEP). The program primarily serves small entrepreneurs like Stella who do not have enough collateral for commercial loans, but have businesses that have grown too large for microloans.
Previous Loan DetailsB. Stella is 35 years of age, has two children and her business is selling clothes for both children and adults. She has been in the business of selling clothes for over 10 years. She is using the loan to purchase more stock of clothes to expand her business. Her future plan is to add more stock ... More from Stella's previous loan »
About BRAC UgandaThis loan is administered by BRAC Uganda, a registered non-governmental organization (NGO) in Uganda that is also a part of the BRAC international network. BRAC Uganda attempts to address poverty through a holistic model, offering programs in education, health, water & sanitation, agriculture, and microfinance. BRAC Uganda’s microfinance program aims to provide the poor with easy, reliable, and efficient access to institutional financial services, and reaches over 150,000 families in Uganda. For more on BRAC Uganda, please see our partner page, and join our lending team, Friends of BRAC Uganda.
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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