Update on JohnJohn is a 30-year-old businessman with two children living in Bundibugyo, Uganda. He is a farmer who mainly grows cocoa. He also earns a salary as a civil servant at the district and operates a retail shop in order to raise money to meet his family's daily expenses. He maintains his desires to educate his children up to the University and build rental houses to secure their future despite inadequate capital, unpredictable weather changes and people who buy on credit and do not pay him. His business goal is to trade in wholesale and expand his business to new markets. John will use the loan to buy soap, tealeaves, salt and soft drinks.
Previous Loan DetailsJohn is a 29-year-old businessman with two children living in Bundibugyo, Uganda. He is a farmer who mainly grows cocoa. He also earns a salary as a civil servant at the district and operates a retail shop in order to raise money to meet his family's daily expenses. The good father that he is, he... More from John's previous loan »
More information about this 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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