Update on Ana MaribelAna is requesting a loan because she needs more working capital in order to continue growing her business. These funds will help her purchase a cart of potato chips, juices, soft drinks, sports drinks, snacks, clothing, and magazines. This investment will help her increase her inventory and continue working and maximizing her income. Her previous loan helped her improve her family's financial conditions and circumstances.
El credito anterior le ayudo a mejorar las condiciones economicas y las circunstancias familiares.
Previous Loan DetailsAna has decided to take out a new loan to invest in her business. She will buy merchandise, because the December season is coming and she needs to have a range of products to sell. She will buy beverages such as juice and soft drinks as well as candies to offer to her customers. She feels good… More from Ana Maribel'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