Update on Gloria LibettGloria, native of Leon, shares her experience with her first Kiva loan which was very helpful to her. She used the loan to buy fabric, thread, buttons, zippers, and enough material that she needed to make pants, shirts, children's suits, and ladies suits. She has seen that her business has prospered therefore she is asking for a second loan to buy fine quality fabric. Since the time is approaching when she is asked for graduation gowns, caps, and men's suits she needs fine quality fabric to satisfy her customers. After paying off her second loan she would like to buy a semi industrial sewing machine to improve the quality of her designs and expand her business to provide job opportunities to others and thus contribute to her neighborhood.
Previous Loan DetailsDoña Gloria, aged 44, lives in the department of León. She is married and the mother of three children. She is a seamstress. She began her sewing activity when she was 20. She worked in a sewing workshop where she produced uniforms for private companies that dealt with school uniforms like shirts,… More from Gloria Libett'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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