Jeannette De Los Angeles
Update on Jeannette De Los AngelesJeannette decided to apply for a new loan to get equipment to be able to improve her operations. This investment will help her to buy an industrial sewing machine and a table that is 2 meters by 2 meters, as well as sewing items.
The previous loan helped her to strengthen her business and to already have an established workshop. Her economic condition has remained stable and her family circumstances have improved thanks to her having a stable source of income.
El préstamo anterior le sirvió de manera positiva para el fortalecimiento del negocio y a tener en este tiempo, ya un taller establecido, las condiciones económicas se mantienen estables y las circunstancias familiares han mejorado debido que tiene una fuente estable de ingresos.
Previous Loan DetailsJeannette is requesting a new loan to strengthen her business. She says that she does not have much fabric available for making her clothing and this has led her to continue working with loans so that she can invest in buying different colored fabrics, threads and fasteners. This will help her ... More from Jeannette De Los Angeles'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