Update on Erika LissetteErika is requesting a new loan because she needs to increase the inventory in her business. This will allow her to buy chips, sodas, sweets, cookies, corn, and cheese, among other items.
With the previous loan she grew her sales and improved the business because her client base grew. Her economic conditions were improved; she improved her house and bought some appliances.
Con el crédito anterior aumentaron las ventas y mejoro el negocio porque la clientela incremento. Las condiciones económicas se optimizaron porque mejoro la casa y adquirió electrodomésticos.
Previous Loan DetailsErika is requesting another loan in order to stock her store. She will buy a variety of products that she needs to improve her business. She will buy snacks, cookies, sodas, candy, and other necessary items in order to generate more sales. With her previous loan, Erika increased her earnings a... More from Erika Lissette'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