Update on GeofreyGeofrey who lives in the town of Masindi-Uganda used the previous loan to buy produce such as beans and maize to sell. He is still in produce business in Katulikire trading centre.He also does farming to add on his income to cater for the family. Geofrey has been in business since 2005 and has managed to fulfill his dream of educating his children to university even if he is challenged with inadequate capital. He is requesting for a loan to buy maize and beans to sell.
Previous Loan DetailsGeofrey lives in Masindi, Uganda. He is married and charged with the responsibility of looking after his four children. He has been in the produce business for the last nine years; he got capital from farming. Inadequate capital to purchase stock hinders his business, while his dream is to educat... More from Geofrey'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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