Update on CarolineCaroline used the previous loan to buy clothes. She is a 44-year-old lady living in Kagadi, Uganda. For five years now she has been selling clothes. She started as a hawker in different markets, then got capital and rented a shop. She also buys fabric and makes trendy designs. Her business is profitable. She says inadequate capital and price fluctuations are challenges affecting the business. She would like to educate her children, build a permanent house for her residence and hire employees to help expand the business. Caroline is requesting a loan to buy clothes for tailoring and resale.
Previous Loan DetailsCaroline is a 43 year old lady living in Kagadi, Uganda. For four years now she has been selling clothes, she started as a hawker in different markets then got capital and rented a shop. She says inadequate capital and price fluctuations are challenges affecting the business. She would like to ed... More from Caroline's previous loan »
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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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