Update on CristabelCristabel is asking for a new loan so that she can invest in beauty products and piñata making supplies, such as lotions, creams, makeup, paper, cardboard, glue and everything she needs for her business.
She says that this loan helps her obtain the income she needs to care for her children. She also believes that her business is growing and getting better because of Kiva.
Ella manifiesta que con el préstamo que se le financió ha logrado obtener los ingresos necesarios utilizandolos en el cuidado de sus hijos, también considera que está creciendo en el negocio a través del préstamo kiva sus condiciones están progresando.
Previous Loan DetailsCristabel sells cosmetics. She lives with her three children and started her cosmetics business three years ago. This business has been profitable and has provided income for her family. She is requesting a loan to buy lotions, creams, earrings, bracelets and necklaces. This merchandise is what… More from Cristabel'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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