Teresa De Jesus
Update on Teresa De JesusTeresa is presenting a new loan request because she needs more operating capital so that she can continue generating income. This investment will help her to buy clothes for women and men such as blouses, shirts, trousers, and other items.
Her financial condition has improved. Thanks to her previous loan, she was able to earn a favorable income. Her family circumstances are optimal because her children have more opportunities to prepare themselves academically.
Las condiciones económicas han mejorado, ya que gracias al crédito anterior obtuvo ganancias favorables y las circunstancias familiares se han optimizado porque cuenta con más oportunidades para prepararse académicamente.
Previous Loan DetailsThis loan will help Theresa to build her business and buy merchandise such as skirts, pants, blouses and other necessary items such as rice, beans, sugar and oil. In this way she will be able to provide a greater variety of products and earn a larger income. Theresa’s dream is to of establish a m... More from Teresa De Jesus'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