Update on PatrociniaPatrocinia currently lacks money to invest in buying clothes. For this reason, she is requesting a loan which will help her to buy blouses, skirts and underwear for both men and women, and also children's clothes. This purchase will be very useful to her in improving her sales as she will be able to offer a variety of new garments.
These loans have been a great support to Patrocinia's business as she managed to repay her previous one and request a new one.
Estos prestamos han sido un gran apoyo para el negocio de Patrocinia, ya que logro pagar y poder solicitar un nuevo.
Previous Loan DetailsPatrocinia sells pupusas and clothes. She lives with her husband and they have three children. Patrocinia sells clothes throughout the week during the day and then sells pupusas in the evenings.
She is requesting a loan to… More from Patrocinia's previous loan »
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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