Update on VincentVincent used the previous loan to buy seeds and dig soil and water conservation trenches. He is still in the same business, and is facing challenges of price fluctuation, however, he has a vision of educating his children to higher levels of learning. Vincent needs a loan to buy fresh foods and pesticides.
Previous Loan DetailsVincent is a 43-year-old married man with six children living in Fort Portal, Uganda. His personal goals are to educate his children, build a permanent house for residence, and buy a car. He has been dealing in the mixed-farming business for the last 14 years. After starting on family land, he th... More from Vincent'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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