Update on Veronica ElizabethVerónica has decided to take out a new loan because she needs to expand her inventory in the shop. She will buy churros (a fried traditional pastry), sodas, bread, condiments, and other basic groceries. This will help her to maintain her business.
With her previous loan, her business increased its sales and improved its profits. This allowed her to provide for her family's necessities, and she also rented a vehicle for use by the family and the business.
Con el préstamo anterior su negocio aumento sus ventas, mejoro sus ingresos, esto le permitió mantener lo necesario en su familia, adquirió un vehículo para su familia y para el negocio.
Previous Loan DetailsVerónica manages a store selling products for the home. She lives with her family and has managed to set up her business by her own effort and with help from small loans. She, her husband, and their children tend to the business. She is open from 7:00am to 9:00pm. She is requesting a loan to p... More from Veronica Elizabeth'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