Update on Daysi AuxiliadoraDaysi, 29, lives in Granada and is a merchant. She owns a small grocery store and has one dependent son. Daysi is a Kiva client and used her first loan to buy materials to build a small space for her grocery store and to buy merchandise. This first loan helped her stock her customers' most requested items like rice, sugar, and beans. Her husband helps her manage the business.
She is applying for a second loan to buy all the necessary merchandise to have a larger inventory on hand: sugar, soap, coffee, cookies, canned goods, eggs, bread, and more. She expects that this loan will be of great help in increasing sales and generating profits to reinvest in her business and make improvements to her house. She plans to expand the business in the future and have a bigger store and profitable business that will generate more income to support her family.
Previous Loan DetailsDaysi, 29, is originally from Granada and has a 2-year old son. She is a merchant and is the owner of a small grocery store. She started this business when she was 27 years old with the support of her husband, who contributed financially. She sells her products from her small store from her home ... More from Daysi Auxiliadora'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