Update on PatrociniaPatrocinia has decided to obtain another loan with the goal of continuing to invest in her clothing business. She sells shirts, pants, blouses, skirts, and underwear. By having variety she will succeed in selling more with this loan. She will invest in all the garments that are in demand. She says that the previous loan helped her because she succeeded in increasing her stock and customers, which helped her because the earnings were very good and she was able to help her family with the household expenses.
Ella menciona que el préstamo anterior le ayudo porque logro surtir mas y aumento en clientes, el cual le ayudo porque los ingresos fueron muy buenos y pudo ayudar a su familia con los gastos de la casa.
Previous Loan DetailsPatrocinia sells pupusas and clothes. She lives with her husband and they have three children. Patrocinia sells clothes throughout the week during the day and then sells pupusas in the evenings.
She is requesting a loan ... More from Patrocinia'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