Update on Rosa EdelmiraRosa is applying for a loan to buy merchandise for her business. She thinks it is important to increase her inventory as the best selling season approaches. She will buy fragrances, lotions, cosmetics, and other items. The previous loan was a success: her customer base has grown; she renovated her home; and she bought new glass.
Con el préstamo anterior logro tener un efecto positivo, su clientela ha aumentado, ha mejorado su casa haciendo algunas remodelaciones, tambien ha comprado laminas nuevas.
Previous Loan DetailsRosa is requesting a new loan to invest in her business by buying a variety of perfumes and cosmetics so she can offer them to her customers. She wants to place a new order for new fragrances in addition to lipsticks, creams and make-up among other beauty products that may be demanded by her… More from Rosa Edelmira'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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