Update on FranciscaFrancisca is a 34-year-old married woman. She has 2 children. She describes herself to be a creative woman. She operates a pharmacy where she sells beauty products and medicine. She has been involved in this business for 3 years. Her business is located within a potential business area and her primary customers are residents. She describes her biggest business challenge to be the high prices of beauty products and medicine.
She will use the Kes 20,000 loan to buy beauty products and medicine for resale. Her business goal is to run a fully stocked retail business within 5 years. She hopes that in the future she will own several pharmacy outlets. She managed to pay back her previous loan of Kes 20,000 successfully.
Previous Loan DetailsFrancisca is a 33-year-old married woman. She has two children, who are 5 and 8 years old. She describes herself as passionate about her work. She operates a pharmacy. She has been involved in this business for three years. Her business is located in a busy area. She describes her biggest busines... More from Francisca'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
- Repayment Term
- 11 months (Additional Information)
- Repayment Schedule
- Sep 12, 2012
- Sep 27, 2012
- Currency Exchange Loss:
- Sep 17, 2013
Photo from previous loan
Kiva allows our Field Partners to re-use the same photo for individual borrowers that have been posted on Kiva's website once before in a 24 month period, and we allow them to re-use group photos for up to 24 months, provided that 80% of the current group's membership is represented.
Taking, collecting, and uploading photos of borrowers is one of the most challenging elements of using Kiva for our Field Partners. In order to make Kiva easier for Field Partners to use, we have allowed them to post successive and concurrent loans without taking a new photo of the borrower if the criteria above are met.