Update on SirasiSirasi is a thirty-nine-year-old married man with seven children who all got to school. They are living in Kasese, Uganda. He has been in a retail business for ten years, works six days a week and twelve hours a day. The shop is located in the rural area and he also does farming for additional income. Sirasi hopes to educate his children to higher institutions of learning despite the challenge of limited capital. Sirasi is a hardworking man who intends to use the loan to buy sugar, rice and maize flour to sell.
Previous Loan DetailsSirasi is a thirty eight year old married man with seven children living in Kasese, Uganda. For twenty years he has been operating a retail shop but also practices farming to earn additional income. He began this business in order to support his family. Being the good father that he is, he desire... More from Sirasi'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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