Update on Flavia FranciscaFlavia, a humble merchant from Granada, sells shoes. This is a business she took over entirely when her husband died two years ago. She goes out to sell both inside and outside the city of Granada.
She used her previous loan to buy her inventory of shoes, specifically men's boots, as it was an order placed by her customers from the northern area of the country, where this type of footwear is much requested.
The strongest sales season of the year is approaching, and she needs an inventory of shoes. For this reason she needs credit to buy shoes for students, children and adults.
This will allow her to sell more variety and supply more customers, as her aim is to grow as a merchant and live decently.
Previous Loan DetailsFlavia is from the Island of Ometepe located in Granada Department. She’s 57 years old and a widow. She’s the mother of four children. She’s a shoe merchant. Flavia started out selling shoes as a street vendor in the markets in Granada and Masaya. Her husband helped her. Later, they took ... More from Flavia 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 11, 2012
- Sep 29, 2012
- Currency Exchange Loss:
- Apr 18, 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.