Update on Irma AliciaIrma works reselling CDs and DVDs. She is applying for another loan to buy more merchandise, new movies and the latest music to meet the demands of her customers, who always want the latest thing. She believes the previous loan was very effective, because it allowed her to invest in her business and she had to use another part of the money for emergency medical treatment. She tells us that her family situation is progressing.
Ella considera que el préstamo anterior fue muy efectivo, ya que le permitió invertir en su negocio y otra parte la ocupo para compra de tratamiento médico ya que le surgio una emergencia, de lo que tuvo que disponer de este dinero, nos manifiesta tambien que su situación familiar se mantiene
Previous Loan DetailsIrma sells DVDs and CDs. She lives with her husband and grandchildren. She started her business approximately 10 years ago. She sells from Monday to Sunday and her stand is on one of the main streets of the city. She is requesting a loan at this time to buy CDs and DVDs, as well as a televisio... More from Irma Alicia'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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