Update on Leydi YamilethLeydi is requesting a new loan because she needs to continue investing in her business. The loan will enable her to purchase raw materials, such as corn, sugar, oil, and bread flour, for making snacks.
The previous loan helped her to increase her profits and have a more profitable business. Her economic conditions and her family circumstances have also improved.
El crédito anterior le ayudo a aumentar las ganancias, ser un negocio más rentable, asimismo las condiciones económicas y las circunstancias familiares han mejorado.
Previous Loan DetailsLeydi lives with her husband and one year old baby. She sells snacks and learned to do this from her mother who has lots of business experience. Her schedule varies and sometimes she completes her sales quickly. She is asking for a loan to buy ingredients such as potatoes, yucca, corn, and c... More from Leydi Yamileth'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