Update on YosofuYosofu used the previous loan to buy sugar and soap to sell. He is a 25-year-old, hardworking man who lives in Kasese, Uganda. He has been running a retail shop for a year. He earned his start-up capital from a coffee-sales business, which he still operates. He started the retail shop to supplement his income from the coffee business, which is seasonal and cannot sustain the needs of his family year-round.
He dreams of educating his children and expanding his businesses to new areas. He faces business challenges, such as stiff competition and price fluctuations. Yosofu is requesting a loan to buy sugar, salt and cooking oil, to sell at his shop.
Previous Loan DetailsYosofu is a 25-year-old, hardworking man who lives in Kasese, Uganda. He has been running a retail shop for six months. He earned his startup capital from a coffee-sales business he still operates. He started the business to supplement his coffee business, which is seasonal and cannot sustain the... More from Yosofu'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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Success!! The loan was 100% repaid