Patricia Del Carmen
Update on Patricia Del CarmenPatricia is a merchant. She sells basic necessity products but she needs to expand her store. That is why she has asked for a loan which will be used to buy merchandise such as: sugar, oil, lime, beans, rice, beverages. detergent, etc.
She says that the previous loan had an important effect on her. Her income increased, her income went up, she had a higher number of customers, and she had more products. This has taken her to a more favorable financial position and a higher quality of life.
Ella revela que el crédito anterior le dio un efecto muy importante, aumentaron sus ingresos, se elevo el nivel de clientela y expandió la gama de productos, y esto la ha llevado a estar en una posición económica más favorable y un nivel de vida superior.
Previous Loan DetailsPatricia is single and lives with her parents. She has a store with basic goods: rice, sugar, and beans. She runs the business out of her home and for that reason she doesn’t have set hours in order to serve her customers between Monday and Sunday. She needs a loan to strengthen her business and ... More from Patricia Del Carmen'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