Update on JeannetteThis is Jeannette, aged 51. She is married with six children between the ages of 10 and 34. Only three of them goes to school and the rest have completed. Jeannette sells sorghum and has spent 10 years in the business. With the loan, she wants to buy more tonnes of sorghum to sell. The profits from the business will be used to pay school fees for the children.
She still insists on making more investments in the business of selling sorghum, and she is delighted with the previous loan, which has helped a lot to increase the volume of sales.
Previous Loan DetailsJeannette is age 50. She has six children who all go to school. She sells sorghum. She has been in this business for 10 years. She wants a loan to buy sorghum to increase the volume of her store. The profits from the business will be used for paying school fees. More from Jeannette's previous loan »
About Urwego Opportunity Bank of Rwanda (UOB)Urwego Opportunity Bank (UOB) helps underserved Rwandans by providing its clients with the necessary credit and savings capabilities required for economic transformation. It offers credit products, including group and individual loans, as well as training in business development, financial literacy and health management. UOB loan products leverage social collateral since most group members have little to no collateral.
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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