Update on VastaVasta used the loan to buy beer and chairs for her bar.She is a fifty-four-year-old married woman with seven children, living in Kasese, Uganda.She has been in the bar business for two years and within this period she has been able to attract very many loyal customers. Her hardships are limited seats and also inadequate capital to purchase drinks since the demand is very high. Her personal goal is educating her children and her business goal is expanding her business into new markets. Vasta intends to use the money to buy beer and soda, and to pay school fees
Previous Loan DetailsVasta is a fifty-four-year-old married woman with seven children, living in Kasese, Uganda.She has been in the bar business for twenty months, and within this period she has been able to attract very many loyal customers. Her hardships are limited space and seating and also inadequate capital to ... More from Vasta'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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