Update on Graciela GenovevaGraciela works in a small store. She has seen the need to restock her store, which is why she has requested a loan. She needs it to restock her store, to buy products like: soaps, cereals, meat, refreshing drinks, snacks, napkins and toilet paper.
She told us that the previous loan had positive results, because it allowed her to sell more, to help sustain the family by paying their debts and covering household and health expenses. The household situation has changed since she requested her first loan and little by little she is paying off her debts and generating income to cover the needs of the home.
Nos manifiesta que el crédito anterior tuvo efectos positivos ya que le permitió vender más, para el sustento de su familia, pagar las deudas y gastos, y la salud, la situación del hogar ha cambiado desde que solicito su primer crédito y poco a poco va saliendo con sus deudas y generando ingresos para satisfacer las necesidades del hogar.
Previous Loan DetailsGraciela lives with her husband and three children aged 17, 15 and 12. She has a store and also sells tortillas. She learned this business from a friend, and she has had this store for 10 years. She works in the store from 6am until 9pm. Now she requests a loan to buy merchandise for her ... More from Graciela Genoveva'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