Update on Ana CeciliaAna is again requesting a loan because she wants to stock her business. Since she doesn't have the necessary funds to make a new investment in the business, she will use the loan to purchase new and used tires. This new request is being made so that she can steadily keep up availability in the face of demand. These loans have worked towards her business becoming more profitable and becoming more able to satisfy customer needs.
Estos préstamos le han servido para que su negocio sea más rentable y pueda satisfacer a los clientes en las necesidades.
Previous Loan DetailsAna, 45, lives in San Miguel. She’s in a free union with her life partner and they have two children who are 14 and 12 years of age. She has a new and used car tire repair and sales business. She opened the shop due to economic need and it’s been in operation for 8 years now. Her husband… More from Ana Cecilia'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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Success!! The loan was 100% repaid