Update on RoseRose is a twenty-seven-year-old married woman with three children living in Kasese, Uganda. Four years ago she decided to set up a retail shop where she sells general merchandise such as soda and sugar, among other things. After realizing that her husband alone could not provide all the basics, she decided to start her current business. Price fluctuation and high cost of rent affect her business, while her dream is to trade in wholesale.
Rose intends to use the loan to buy beer, soda and sugar to sell.
Previous Loan DetailsRose is a 27-year-old married woman with three children living in Kasese, Uganda. She has been running a retail shop for four years, and she got capital from her husband. Her hardship is inadequate capital to purchase stock. Her personal goals are educating her children and building a permanent h... More from Rose'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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