Update on Sandra LorenaSandra needs to invest in the strengthening of her business buying beauty products from catalogues (make-up, lipstick, creams) that she goes out selling house to house in areas adjacent to her house. This has been her method of work for years managing to support herself to date and covering basic needs.
The effect of the previous loan was positive because she stocked up on beauty products she went out to offer to her customers managing to support herself and to make her loan installment payments.
El efecto que tubo con el préstamo anterior fue positivo ya que se abasteció de productos de belleza y salió a ofrecer a los clientes con esto a logrado mantenerse y pagar las cuotas del préstamo.
Previous Loan DetailsSandra lives with her son. Her business is selling cosmetics through a catalog. She makes her sales door to door in the small villages near her home. She is requesting a loan to buy cosmetics and medicines to sell to her customers. The loan will help her to improve her stock of products. S... More from Sandra Lorena'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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