Update on FredismindaFredisminda is requesting a new loan to purchase bread, chicken, lettuce, oil, firewood, and other products necessary to continue her business and provide better service to her customers.
This investment will allow her to grow and have everything she requires to work.
Previous Loan DetailsFredisminda has decided to apply for a new loan to buy herself a refrigerator, since it is a great need. She will also buy basic ingredients to make her chicken sandwiches with vegetables: seasonings, vegetables, plastic for wrapping, and beverages. All this will be to improve her business and… More from Fredisminda'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