Update on Karla JasminaKarla is the owner of a furniture store and a beauty salon. She is a borrower of our institution and has benefited from a Kiva loan which she used to buy raw material to make different types of furniture, and in this way fostering the sale of various furniture that she offers. She also invested in her beauty salon which is her other business and it helped her generate earnings. Now she has another dream which is to improve the infrastructure of her business and her house which is why she is asking for another Kiva loan in order to buy construction material and one of the areas she would like to begin to make changes is the place where she stores her products to keep them in better condition.
Previous Loan DetailsKarla Jasmina, 37, is from the town of Jalapa. She currently lives in the city of Condega, Estelí, where she married and had a son who is now 8 years old. She has a furniture making business that she inherited from her family in 1993. Because of this she was unable to start her university st... More from Karla Jasmina'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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