Update on Yuri VanessaYuri has decided on a new loan because she feels demand has grown and she needs to increase working capital. She will buy corn, firewood, oil and condiments that are needed to prepare her dishes. This loan will help her to stay in business.
With her previous loan she attained better business capacity and was able to tend to a good number of customers. This has given her the strength to continue working for her family and she comments that she has a six-month-old baby.
Con el préstamo anterior logró mejorar la capacidad del negocio y atender un buen número de clientes, esto le ha dado la fortaleza para continuar trabajando por su familia y comenta que cuenta con un bebé de seis meses.
Previous Loan DetailsYuri currently requests a loan to purchase material for her business, which is food and tortilla sales. She will buy corn, oil, and condiments as well as other products for the preparation of her items, in this way, improving the availibility and increasing the production for her customers. Her… More from Yuri Vanessa'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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