Update on WinroseWinrose is a 38-year-old married woman. She has five children. She describes herself to be a social and talkative woman. She operates a retail business and restaurant, where she sells baskets and food. She has been involved in this basket-selling business for more than one year. Her business is located at an urban area, and her primary customers are local residents. She describes her biggest business challenge to be insufficient funds for improving the business.
She will use the loan to buy supplies to weave more baskets to sell. Her business goal is to run a curio shop within five years. This is her second loan with SMEP DTM.
Previous Loan DetailsWinrose is 37 years old, married and has five children who range in age from 6 to 18 years old. She is a very outgoing woman, and has earned a living for the last six years by running a restaurant where she sells food, beverages and snacks. Her business is located in an urban area and she has many… More from Winrose'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