Update on Claudia LissethClaudia needs to buy merchandise to make costume jewelry and posters, She will buy bracelets, earrings, necklaces, posters, and key rings. All of this merchandise is to offer to her customers. Claudia is prepared to work well with her loan because she considers it very useful for strengthening her business and improving her finances.
Previous Loan DetailsClaudia lives in El Transito, in Usulután department. She is 24 years old, single and owns her own store. She lives with her grandmother and an uncle. Claudia's store used to belong to her parents but they gave it to her to run. She is currently requesting a loan to buy merchandise such as ... More from Claudia Lisseth'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