Victoriana Del Carmen
Update on Victoriana Del CarmenVictoriana, one of Kiva's clients, is 55 and comes from San Juan de Limay in the municipality of Estelí. She is very grateful for her first loan which helped her to increase her grocery shop's stock by buying products such as basic grains, oil, cleaning products, fruit juice and soft drinks which she did not previously have in stock . She feels great because she has been able to increase her income. She is applying for this second loan to buy school equipment, exercise books, pencils, make-up, basic grains, rice and sugar as her ambition is to further increase her sales and boost her income.
Ella esta solicitando su segundo créditos para comprar artículos escolares, cuadernos, lapiceros, cosméticos, granos básicos, arroz, azúcar, con el objetivo de incrementar más sus ventas para obtener mejores ganancias.
Previous Loan DetailsVictoriana is 54 years old and the mother of 2 children. She came from San Juan de Limay in Esteli municipality. Victoriana is a merchant, the owner of a general store where she sells foodstuffs at retail. In this zone there are few commercial establishments and few general stores nearby, so this… More from Victoriana Del Carmen'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