Update on Mary.Mary is a fifty six year old widowed lady living in Fort Portal, Uganda. She has a clothes selling business, which she has been running for the last fifteen years. Her main hardships are seasonal weather, price fluctuations, and inflation. Besides that, she has a vision of expanding her business to new markets. Mary needs a loan to help her buy more clothes to sell as the Christmas season is fast approaching.
Previous Loan DetailsMary is a 55-year-old widowed woman living in a semi-permanent house in Fort Portal, Uganda. She has been in the business of selling used clothes for the last 25 years, and her challenges include price fluctuations, inflation, and seasonal weather changes. Mary dreams of educating her childre... More from Mary.'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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