Update on Francisca Haydde67-year-old Francisca lives in the city of León and is the mother of five children. Her business is selling soft drinks made from natural ingredients. She is grateful for the opportunity she received from Kiva through her previous loan which she used to buy fruit and spices to make her natural drinks. As an entrepreneurial woman who strives to continue making progress every day, Francisca would like to gain other sources of income which will help her to achieve her goal of improving the infrastructure of her business. She needs this loan to buy dishes, spoons, glasses, and melamine forks and spoons to sell. She would like to gradually invest her profits in another type of income-generating business so that she has something else besides selling her soft drinks.
Previous Loan DetailsHaydde is 66 years old and lives in the city of León. She is a single mother with 5 children. She is a merchant who sells soft drinks. She has been doing this for 46 years and although she never went to school, she learned to read and write. She has worked since she was very small and thanks to… More from Francisca Haydde'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