Update on Blanca LidiaBlanca applies for a new loan to invest in her business. She will buy additional pastries and French bread (baguettes) to increase her inventory. Thanks to this loan she will have enough cash to proceed to the regular purchases she must make in order to sell bakery goods to her customers.
Her previous loan was taken out to expand her inventory and thus improve her business. It prevented her customers from leaving her and helped her to keep her income stable up to this day.
El efecto que le dio el préstamo anterior fue mejorar el negocio, aumentando los productos, esto le ayudo a que sus clientes no desertaran, manteniendo hasta hoy una condición estable con sus ganancias.
Previous Loan DetailsBlanca has a job. She lives with her husband and their daughter, who is two years old. She works in a pastry shop and with this work she obtains the income to cover the needs of her family. Now she needs to repair a pump in a water well, since this pump is what delivers the water through the… More from Blanca Lidia'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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