Update on Ana YancyAna is requesting a new loan in order to stock her business of selling new shoes. This will enable her to buy a variety of sandals and shoes for women, men, and children. With this goal in mind, she can maintain a high level of inventory so that she can generate good sales.
Her previous loan resulted in a good experience. She was able to improve her fruit and vegetable business and maintain the loyalty of her customers. This helped to increase her earnings and improve her family's living conditions. Ana decided to set up a shoe shop as a new source of income.
Con el préstamo anterior logró tener una buena experiencia ya que le sirvió para mejorar el negocio de las frutas y verduras y para mantener la preferencia de los clientes, esto le ha aumentado sus ganancias y le ha mejorado las condiciones a su familia, ha decidido instalar la venta de calzado para poder tener un nuevo ingreso.
Previous Loan DetailsAna lives with her husband and two children. Her business is selling fruit and vegetables. She has been in this business for several years and makes her sales as an itinerant vendor, walking through several streets selling her merchandise. She is requesting a loan to buy fruit such as apples, ... More from Ana Yancy'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