Update on EvaketEvaket is a 28-year-old married woman with four children living in Bundibugyo, Uganda. She has a beauty salon which she has operated for the past three years, and her clientele is steadily growing. Customers not paying on time has been her main problem.
Evaket used a previous loan to buy dryers and steam machines for her salon. With her increased earnings, however, she has been able to open a spare parts shop. Evaket is now applying for a 1,000,000 UGX loan from HOFOKAM to buy more parts.
In addition to increasing her stock of parts Evaket would like to move her salon to a more permanent location. Her ambition is to build a house and educate her children so they might attend higher institutes of learning.
Previous Loan DetailsEvaket is a 28-year-old married woman with four children living in Bundibugyo, Uganda. She has a beauty salon which she has operated for three years, and it is steadily growing. Customers not paying on time is her main problem. Evaket is requesting a 1,000,000 UGX loan from HOFOKAM which she... More from Evaket'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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