Update on Mery JaneMery is a modest retailer who makes a living selling shoes in the city of Granada. She's very grateful for her first Kiva loan, which allowed her to buy shoes and cosmetics to sell. It also opened the door to getting more customers.
She requires this current loan to buy a greater variety of shoes for women and men.
She wants to sell in other areas outside of Granada to have more customers and be able to set up a shoe store.
Previous Loan DetailsMery lives in the city of Granada. She is married and has three children, 12, 8 and 2 years old. Besides being a housewife, she sells shoes and perfumes. This idea was born as a way to help her husband with the expenses at home and with their children's support. Her husband gave her a small capital… More from Mery Jane'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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