Update on Ana CeciliaAna, a shopkeeper, is grateful to Kiva for providing her with her first loan. This loan will allow her to buy school supplies and school uniforms, and sell books, notebooks, erasers and pens.
Now she wants to diversify her business. She will use this financing to buy backpacks, perfumes, clothes and school supplies. Mother's Day is nearing and she wants to offer these products in her stationery store and take advantage of the sale season and at the same time obtain more customers.
Her wish is to expand her business and increase every day.
Previous Loan DetailsAna is originally from Granada. She is married and her husband works in Costa Rica. She has 2 daughters, 18 and 5 years old, and the older daughter attends university. Ana began selling used clothing that her mother sent her from the United States so that she could help. She has had this… More from Ana Cecilia'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