Update on LeahAfter a difficult period during the economic downturn, Leah was able to reopen her esthetician business in 2011. Restarting her business after such difficult times has been especially rewarding, and admittedly, the second time around has been an incredible learning experience. “It opened up my mind and taught me the importance of reaching out for help. The resources are there!”
Following the advice of her mom, an accountant, and her loan officer, Leah started using QuickBooks and created a detailed client database. These two changes freed up her time to focus on new marketing ideas and products for clients, including referral and discount programs. She sees that people are starting to spend more on personal care, but understands that in her business, cash flow can be unpredictable.
For the last year, Leah has had her own booth at the salon. She has a permanent disability and having her own space has given her freedom over her schedule, to best serve clients and manage her disability. With the flexible schedule Leah has also been able to attend trade shows to keep up with trends in beauty products and services. She also recently started doing lash extensions. “This distinguishes me from other estheticians”, said Leah. “There are not many salons in my area that provide this service and make it affordable.” Her clients include moms who love the lash extensions. “They are looking to get the latest looks -- to get what celebrities have.”
Leah is using the loan of $3,700 to purchase products and attend trade shows. It’s all part of a continuing education that she is committed to. “I have so much enthusiasm this time around. I’m fired up and full of creative ideas for the business. I love that I can help people feel beautiful, from the inside out. The second time around she has renewed faith that she will grow her business and one day achieve the dream of opening her own salon. I have always had a “never give up” attitude, shared Leah. “Now I know more and I am not afraid to ask for help.”
Previous Loan DetailsAfter years of trying to balance the challenges of being a young mother with the hectic schedule and stressful environment of pharmacy work, Leah decided to follow her passion and pursued skin care and holistic esthetics. She remembers one particular facial she received when she left feeling reen... More from Leah'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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About United States
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- Repayment Term
- 39 months (Additional Information)
- Repayment Schedule
- May 31, 2013
- Jul 2, 2013
- Currency Exchange Loss:
- Aug 1, 2013
Photo from previous loan
Kiva allows our Field Partners to re-use the same photo for individual borrowers that have been posted on Kiva's website once before in a 24 month period, and we allow them to re-use group photos for up to 24 months, provided that 80% of the current group's membership is represented.
Taking, collecting, and uploading photos of borrowers is one of the most challenging elements of using Kiva for our Field Partners. In order to make Kiva easier for Field Partners to use, we have allowed them to post successive and concurrent loans without taking a new photo of the borrower if the criteria above are met.