Update on RobertRobert used the previous loan to buy fish to sell. He is a 47-year-old married man with six children living in his own house in Fort Portal, Uganda. He is solely charged with the responsibility of looking after the family, and his dream is to have a sustainable income-generating activity to support his family.
Robert is a fish vendor and has been in this business for 11 years now. His major challenge is the high license fees, and his dream is to buy a refrigerating van. With the income earned he has been able to pay school fees for his children and set up a business for his wife. Robert intends to use the loan to buy fish to sell.
Previous Loan DetailsRobert is a 46-year-old married man with six children living in his own house in Fort Portal, Uganda. He is solely charged with the responsibility of looking after the family and his dream is to have a sustainable income-generating activity to support his family. Robert is a fish vendor and has b... More from Robert'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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