Update on GrimaldyWith the previous loan she received, Grimaldy increased the inventory of her business by purchasing merchandise and various consumer products that were in high demand among the customers who visited her store. These items ranged from food and beverages to cleaning products and toiletries. In addition to his investment, Grimaldy says that she was able to have a wall at the back of her house repaired. This gave her and her family greater protection.
She is requesting a new loan of 36,750 DOP in order to buy more merchandise for her business (rice, coffee, sugar, beer, and other items) so that she can continue providing good service to her customers. Her hope for the future is to grow her business and buy a car so that she can travel more comfortably. Grimaldy is confident in all of the steps she has taken to help provide a better future for her one-year-old baby.
Previous Loan DetailsWith a loan for 22,050 pesos, Grimaldy has been able to buy rice, sugar, coffee, soft drinks, beverages and other merchandise for her grocery store. Grimaldy is a single mother to her 22 month old son. A year ago she opened this business in an area of her house. She did so in order to have the… More from Grimaldy'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