Update on Karla PatriciaKarla is a native of León. She owns a store located in her home selling new clothing. She has three children who attend school. This will be her second loan with Kiva and she will use it to buy flip flops and summer clothing. Her first loan resulted in a positive change in her business--she increased her inventory and experienced more sales. She is grateful for the support she has received to fulfill one of her dreams.
Previous Loan DetailsKarla, originally from Santa Rosa del Peñón municipality of León, is 33 years old, married, and mother of three children. She owns a clothing store. She started her business a year ago, although before that she used to sell clothing as a street vendor and also sold from her home. She realized ... More from Karla Patricia'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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