Update on Erika LissetteErika needs a new loan to invest in her business because the loans are a positive source for generating income. This will allow her to buy chips, soda, sweets, corn, beans, rice, and other products to stock her merchandise.
The previous loan allowed her to improve her business and increase her customers and, as a result, her sales. Her economic conditions and her family circumstances have improved.
El crédito anterior le permitió mejorar su negocio, aumentar la clientela y con ello incrementar las ventas. Las condiciones económicas han mejorado y asimismo las circunstancias familiares.
Previous Loan DetailsErika 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… 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