Yamileth Del Socorro
Update on Yamileth Del SocorroYamileth is a 32-year-old mother of three children. She is an inhabitant of the city of Granada and works as a merchant.
She expressed to us her gratitude for the positive change that her loan generated. She noticed an improvement in sales, as she was able to buy more products to sell and she feels that her business is progressing, little by little.
She now requires a second loan to buy basic grains, canned goods, seasonings, tomato sauce, and cleaning products. With this new investment, she thinks she can increase her sales, so that her business will propser and allow her to get a wider variety of products, as well as help her move forward with her family.
Previous Loan DetailsYamileth is from the city of Granada. She is 32 years old and has three children. She owns a grocery store. Yamileth started her grocery store business with the profits that she made from her previous job. When she was 28 years old she wanted to start working for herself so that she didn't have… More from Yamileth Del Socorro'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