Update on JosefinaJosefina, who is originally from Pueblo Nuevo in the municipality of Estelí, works in retail. She shares with us the change that her first Kiva loan effected, for which she is very grateful. She used it to purchase new clothing and cosmetics to stock up her store, including being able to purchase shoes to sell and provide variety. This has allowed her to expand her business and bit by bit improve her income.
She is always continuing with her goal of growing her business further, and it is for this reason that she is requesting this loan to purchase clothing and shoes, especially as it is the school season when school shoes and uniforms are much in demand by her customers.
She is a woman who wants to move ahead in life with her business; above all she wants to give her children a good university education so that they can get ahead in life.
Previous Loan DetailsJosefina was born in Pueblo Nuevo, located in the Estelí municipality. She is 45 years old and the single mother of two children, who she has raised alone through hard work. She dedicates herself to selling clothing and also has a beauty salon. She sells clothing door-to-door throughout commun... More from Josefina'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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