Update on Grimilda XiomaraGrimilda, a single mother, is a native of the town of Condega in the department of Esteli. She is grateful for her first KIVA loan, which was of great benefit to her since she invested it in the purchase of merchandise, such as clothing, shoes and bags to sell and stock her business. Her customers have been very satisfied with the quality of service she offers and demand for her products has grown a bit. Consequently she sees the need for more investment and is requesting a second loan in order to buy new and used clothing for re-sale in the communities in Estelí where it is difficult to find stores and the people depend on venders, who visit them at their homes, to acquire merchandise for their daily use.
Grimilda wants to expand her business and install stalls for used clothing in communities where there is a need for these products. But her principal priority is to obtain the income to pay for her children’s education.
Previous Loan DetailsGrimilda, age 38, is originally from the town of Estelí in Condega. She is a single mother with two dependent children. Grimilda is a merchant and the owner of a small clothing store. She began selling used clothes a little bit at a time so that she could grow her business. Afterwards, she left… More from Grimilda Xiomara'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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