Update on Vilma DorisVilma is seeking a new loan as she needs more working capital to cater for events in the town; it will enable her to buy drinks such as: soft drinks, fizzy drinks, chicken, meat and vegetables, among other things needed for preparing food. Her previous loan was very helpful in enabling her to improve her home which, originally made of adobe, is now made from breezeblocks. Her financial situation and family circumstances have also improved tremendously.
El efecto del crédito anterior fue de mucho ayuda, ya que le permitió mejorar la vivienda porque antes era de adobe y hoy en día es de bloque; las condiciones económicas y las circunstancias familiares se han optimizado.
Previous Loan DetailsVilma has decided to obtain another loan because she needs to increase sales and because the local patron saint day festivities are approaching. She will buy chicken, meat, fried pork, vegetables. Her intention is to sell more because of the festivities and earn higher income. The previous loans… More from Vilma Doris'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