Update on Telma YaniraTelma needs a loan because she needs more working capital in order to keep investing in her business by stocking up on merchandise. This loan will allow her to purchase a variety of women's garments, such as dresses, underpants, stockings, bras, and other items. The previous loan helped her cancel debts and contribute to covering her household expenses. Her financial situation and family circumstances have improved.
El crédito anterior le ayudo a cancelar deudas y aportar para los gastos del hogar; las condiciones económicas y las circunstancias familiares han mejorado.
Previous Loan DetailsTelma is requesting a new loan to continue strengthening her business. She will buy new clothes, such as blouses, skirts and trousers to offer to her customers to maintain their loyalty. She is still active in her business and believe the previous loan helped her greatly. She will continue i... More from Telma Yanira'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