Update on Betania LisetBetania is a shopkeeper, originally from Telica, situated in the department of León. She sells clothing and is the owner of a general store. She tells us that the 1st Kiva loan she received made a very positive change in her business. She was able to buy merchandise and attend to the needs of her clients.
She’s very grateful for the support. Now she is requesting a 2nd loan to buy school supplies, basic grains, soups, juices and cleaning products. She wants to increase her inventory to offer a bigger variety of products. One of the goals she’d like to realize is to eventually convert her general store into a big distribution centre.
Previous Loan DetailsBetania, 39, is a native of Telica in the Nicaraguan "departamento" of Leon. She is married and has two children. She sells clothing for a living and also owns a general store. She only sold candy at first, using money that she got from her husband, but she slowly built the store, investing her… More from Betania Liset'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