Update on Yolanda OlimpiaYolanda needs a new loan to purchase more clothing. This will help her purchase a variety of blouses, dresses and outfits for women and children. These loans are critical for Yolanda because, with them, she has been able to improve the financial situation of her family and her business because they have helped to increase her income.
El adquirir créditos para Yolanda le es de suma importancia porque con ello ha podido mejorar sus condiciones económicas dentro de su familia y en el negocio porque han ido aumentando sus ingresos.
Previous Loan DetailsYolanda is a merchant of American clothing. She lives with her husband and two children who are financially dependent on them. Yolanda sells clothes Monday through Saturday and has a business located in front of a school. This location helps with creating demand from her customers.
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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