Update on Claudia LissethClaudia has decided to take out a new loan, because she needs to buy beauty products. Her previous business was closed because of the crime that threatened it. She will buy perfume, creams, and shampoo, among other products, which is what she currently works selling. She says that her previous loans have been very helpful, but due to crime, she could not sell and had to close the business. Today she is working selling beauty products in order to start over in her business. She hopes that this new beginning will be successful in order to improve her economic situation.
Ella comenta su experiencia con otros préstamos anteriores, han sido de mucha utilidad, pero que debido a la delincuencia quebró con sus ventas y tuvo que cerrar el negocio, hoy en día se dedica a vender productos de belleza, para volver a comenzar en el comercio, ella espera que este reinicio sea exitoso para mejorar su situación económica.
Previous Loan DetailsClaudia needs to buy merchandise to make costume jewelry and posters, She will buy bracelets, earrings, necklaces, posters, and key rings. All of this merchandise is to offer to her customers. Claudia is prepared to work well with her loan because she considers it very useful for strengthening… More from Claudia Lisseth'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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