Update on Doris ElizabethDoris is asking for a new loan because she needs more working capital for her business of selling bread, hamburgers, and other things. This will allow her to purchase soft drinks, bread, and meat, among other things, in order to offer better service to her customers.
The previous loan helped get her business on solid footing, and with the money that she has made, she has been able to provide for her family. Her living conditions have improved, since she has been able to support her children in their studies.
El crédito anterior le ayudo a fortalecer el negocio y con las ganancias ha logrado aportar para la familia. Las condiciones de vida han mejorado, ya que le ha brindado ayuda a sus hijos en los estudios.
Previous Loan DetailsDoris is applying for a new loan to strengthen her business by buying more merchandise like soft drinks as well as cheese, meats, condiments, packaging and dressings among other things for making hamburgers and bread. With the previous loan Doris managed to buy a variety of products that helpe... More from Doris Elizabeth'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