Update on Xiomara JanethXiomara is 32 years old. She a humble businesswoman who works as a grocer. She is a Kiva client. She tells us that her first loan was a great help because it allowed her to make her business grow by buying more products that she still didn't have in her inventory like sugar, beans, cosmetics and underwear The goal was to obtain a better income and to be able to continue growing her business. She needs financing to buy basic items such as sugar, rice, oil, bread, bleach, etc. The goal is to continue supplying her store with new products and to keep up with customer demand.
Previous Loan DetailsXiomara is a native of Estelí. She's 30 years old and single. Currently she is in her final year of her university studies. She's a merchant. She started her local store business three years ago with money she got from her previous job. She decided to save and she invested it in her busine... More from Xiomara Janeth'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