Update on Silvia MaritzaSilvia needs a new loan as she requires more working capital in order to continue with her business. This loan will allow her to buy a variety of clothing items, including blouses, skirts, trousers and underwear.
Silvia's previous loan helped her to increase her income and, with it, she was able to support her family with household costs. Her family's circumstances and financial situation have improved.
El crédito anterior le ayudo a aumentar sus ganancias y con ello logro apoyar a su familia con los gastos del hogar; las condiciones económicas y las circunstancias familiares se han optimizado.
Previous Loan DetailsSilvia’s asking for a new loan because she believes that through them she will be improving her business by having a better availability of clothes available for her customers. On this occasion she’ll buy women’s and men’s trousers, blouses, skirts and underwear in new styles and colors to… More from Silvia Maritza'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