Update on GloriaGloria needs a new loan in order to stay in business. She will use it to buy different fruit like mango and watermelon, among others. This will help her improve the business and increase sales. The previous loan helped her to optimize conditions and family circumstances.
El credito anterior le ayudo a optimizar las condiciones y circunstancias familiares.
Previous Loan DetailsGloria has decided to apply for another loan in the Christmas season to raise her sales and improve her profits. She makes a living in the sale of fruits and vegetables. She will invest the loan in the purchase of apples, strawberries, grapes, pears, kiwis, and papaya. She says that her… More from Gloria'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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