Auxiliadora Del Socorro
Update on Auxiliadora Del SocorroAuxiliadora, who is from Granada, is very grateful for having benefited from a Kiva loan. She used it to buy clothes, and she managed to improve, offer variety, and improve her income.
She is now requesting a second loan in order to get more income. The loan is to upgrade her stand to where she is able to place her merchandise and provide better service. Her goal is to continue making progress.
She is requesting a second Kiva loan to buy merchandise like underwear for women, men, and children.
Previous Loan DetailsAuxiliadora is a strong and tenacious, 44-year-old woman. She has a tired look but has the active intention of getting ahead in life. She is a saleswoman who sells underwear in a market in the city of Granada. When she started out, she didn't have a stand or a sales location. She used to sell... More from Auxiliadora Del Socorro'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