Update on Diana CarolinaDiana is asking for a new loan because she finds it necessary to invest more money in her business. This loan will allow her to buy a variety of boy’s, girl’s and women’s clothing and also items for the small store that she owns.
The last loan allowed her to increase her inventory. The economic conditions have improved and she hopes to provide her family with a better quality of life.
El crédito anterior le ayudo a incrementar el inventario. Las condiciones económicas mejoraron y desea siempre darle una mejor calidad de vida a su familia.
Previous Loan DetailsDiana is requesting a loan to be able to invest in her business and make the most of the season. She'll buy children's clothing: blouses, outfits, and underwear. She'll also buy clothing for adults, which will allow her to expand her business. She says that her first loan helped her to… More from Diana Carolina'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