Update on TeofilaTeófila is requesting a loan because she needs to buy a variety of clothing for the December season. She will invest in men’s and women’s undergarments, blouses, skirts, and other types of merchandise that she needs to keep up with the turnover in her business and satisfy the demand.
With her previous loan, Teófila says that she increased the number of garments available in her business. By offering a better variety, she was able to increase her sales. Thanks to this investment, the conditions in her business and in her family’s living situation have improved.
Con el préstamo anterior considera que ha aumentado el número de prendas de vestir en el negocio, ofreciendo una mejor variedad para poder aumentar sus ventas, gracias a esta inversión sus condiciones han mejorado en el comercio y en su familia
Previous Loan DetailsTeófila has decided to take out a loan because she needs to invest in her clothing business, buying more new styles of blouses and both men's and women's underwear. She plans to make this purchase because she wants to keep her business well stocked. This will help her to maintain her customers'… More from Teofila'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