Update on LilianDue to the approaching school year, Lilian wants to make a new investment in her business. For this reason she is requesting a new loan to buy school shoes, and at the same time, to buy sandals, flip-flips, and also dairy products such as cheese and cream.
She considers that the loans have improved her business in maintaining satisfied customers, increasing income, and obtaining some products for the home.
Ella considera que los préstamos le ha mejorado el negocio, manteniendo clientes satisfechos y mejoras económicas, y logro comprar algunos productos para el hogar.
Previous Loan DetailsLilian lives with her family composed of her husband, 15-year-old son and 10-year-old daughter. She and her husband work as merchants; they sell sandals and slippers for both genders and have been in business for more than 7 years. She works every day from 6am until 3pm. She’s requesting ... More from Lilian'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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