Update on Nolvia EliseniNolvia has decided on a new loan because she needs to invest in her business. She will use the funds she is requesting to purchase flour, sugar, baking tins, and greater amounts of firewood. This will allow her to have the supplies she needs and bake.
Her previous loan had a positive impact. It helped her improve her baking inventory. She made her sales and says that her family's situation has improved.
Con el préstamo anterior logro tener un efecto positivo, ayudo a mejorar sus inventarios para la fabricación del pan, realizo sus ventas, manifiesta que sus condiciones en la familia han mejorado.
Previous Loan DetailsNolvia needs to invest more in her business, so she is asking for a new loan that will allow her to buy flour, lard, sugar, and other things she needs to bake bread. This new loan will help her improve her availability of products and production. The previous loan was a good experience for he... More from Nolvia Eliseni'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