Update on Geysol MagalyGeysol is a young woman living in the town of Esteli. She runs a grocery store as well as going to college. She enjoys keeping her store well-stocked so as to attract customers and make more sales.
Her previous loan was used to buy basic grains, soft drinks, candy etc. She plans to use this current loan to buy school supplies, cosmetics, rice, sugar, beans, oil etc.
Geysol's future goal is to become a distributor and sell a wide variety of products. Her current goal is to finish her studies so she can put into practice all she has learned about running a small business. As a result sales are good, and her customers come from nearby neighborhoods because of the fine service she provides.
Previous Loan DetailsGaysol is 26 years old. She is from Esteli, is married, and is a mother of two children, ages 2 and 4. She is a businesswoman, working at her general store for the last two years. She began this business with her own money that she had saved. Besides the store, she has another business selling… More from Geysol Magaly'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