Update on Aleyda PatriciaAleyda, a resident of El Transito, a town located in the outskirts of León, sells basic grains, cleaning supplies and cosmetics.
She used her first Kiva loan to buy cosmetics, basic grains, perfume and cleaning supplies. This investment allowed her to improve sales, stock her business and opened the opportunity to win over new customers.
Because of this she’s asking for the loan to buy oatmeal, soup, detergent, candy, bread, juice and soft-drinks that are products her customers request daily and that she mustn’t fail to have. Besides, she now has the goal of varying her products and sell those most requested by customers to gradually improve her business.
Previous Loan DetailsAleyda, 37, lives in El Transito, a small town where corn is grown for personal use but where commerce is the main economic activity. She started a small business with her own capital: she set up a small plastic table with such things as candy, snacks, soap and detergent and started selling. La... More from Aleyda 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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Success!! The loan was 100% repaid