Update on ConsulateConsulate, a 26-year-old mother of two children, has been operating a salon business for five months now, having begun it with savings accrued from her teaching job. Inadequate capital and high transport costs are factors affecting her business growth.
Having used her previous loan to buy cosmetics for her salon, Consulate is requesting a new loan for the same purpose. She wishes to expand her business into other new markets and buy land for growing crops. Consulate also has a dream of building a permanent home and educating her children.
Previous Loan DetailsConsulate is 26 years old and has two children. She operates a salon business, which she has run for a period of five months now. Consulate got start-up capital from her savings from the salary she earns as a teacher. Inadequate capital and high transport costs are factors affecting the business… More from Consulate's previous loan »
More information about this 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
- 10 months (Additional Information)
- Repayment Schedule
- Oct 22, 2012
- Nov 9, 2012
- Currency Exchange Loss:
- Jul 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.