Update on Blanca LidiaBlanca is in need of a new loan to invest in her business. This investment will allow her to renovate her sales stall and to buy sweet and french breads in order to offer her customers variety.
The previous loan helped increase her profits. Her family circumstances have remained constant and her sales volume has improved.
El crédito anterior le permitió aumentar sus utilidades y ganancias. Las circunstancias familiares se mantienen y la calidad de sus ventas han mejorado.
Previous Loan DetailsBlanca is again requesting a loan which will help her expand her earnings and purchase sweet bread and french bread and to take them to the homes of her customers, by which she will ensure her products are sold. Blanca considers that her previous loan helped her because she always has the necessary… More from Blanca Lidia'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