Update on Blanca HerminiaBlanca is requesting a new loan to buy merchandise and continue selling it. She will be able to buy leather purses to sell.
The previous loan helped her to increase her income and her customer base. She invests her profits in food, clothes and medicine. Her financial situation has improved thanks to the loan she received from Kiva and her family is also fine.
El crédito anterior le ayudo a aumentar sus ingresos y su clientela, las ganancias las invierte en la alimentación y vestuario, asimismo compra de medicina; las condiciones económicas han mejorado gracias al crédito otorgado de Kiva, se mantiene el grupo familiar.
Previous Loan DetailsBlanca has decided, through a new loan, to take advantage of the season when the sales increase. She will buy purses, bags and other merchandise that is necessary to keep the business in good condition. With the previous loan she was able to improve her income by reinforcing her business with… More from Blanca Herminia'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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