Update on Yesenia EsmeraldaYesenia has decided to ask for a successive loan to improve the premises of her shop. She also wants to buy supplies for it.
She will repair the floor with cement and will buy metal sheets to change the ones currently on the roof. This will help her to keep providing service at her home products shop.
She has had a positive effect in her business, using loans to improve her sales and her profit, and helping her family, in particular her children, with their studies.
Ella ha tenido un efecto positivo en el negocio, utilizando los créditos para mejorar sus ventas y las ganancias, ayudando a su familia, en especial a sus hijos en los estudios.
Previous Loan DetailsYesenia runs a shop where she sells domestic products and snacks. She is married and has three children of 22, 16 and 10 years of age. She has run this shop for the last three years. She works every day from 6:00am until 5:00pm. Her business came about from her own initiative. She is requesting… More from Yesenia Esmeralda'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