Update on AzucenaAzuenca, originally from Granada, is a merchant. She shares that her experience with her last Kiva loan allowed her to increase her earnings and invest in merchandise such as children's and adult clothing and underwear for sale. She is very appreciative for the support that loan has afforded her.
She is now requesting a second loan to buy clothing to sell during this Christmas season when her customers have more to spend and sales are higher, so as to make the most of the season. Her objective is, as always, to continue her business, keeping it prosperous and stable.
Previous Loan DetailsDoña Azucena is originally from the city of Granada. She is 54 years old and the mother of three children. Azucena is a merchant who sells clothing. She started out selling a few items such as children’s outfits and undergarments. A year into her business, she took out a loan to help increase... More from Azucena'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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