Update on GraceGrace used her previous loan to purchase clothes to sell. She is a hardworking woman who has passion for fashion and has very good customer care. In her business, she faces the hardships of customers not paying on time and ever-changing customer preferences, as well as inadequate capital. She dreams of educating her children, building a permanent house to live in, expanding her business into new markets and moving the business to a more permanent location. Grace intends to use this loan to pay school fees for her children.
Previous Loan DetailsGrace used the previous loan to purchase clothes to sell. In her business, she faces hardships of customers not paying on time and finding customers. Her dreams are of educating her children, building a permanent home, expanding her business into new markets and moving the business to a more perm... More from Grace'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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