Update on Gricelda YamilethGricelda needs more working capital, so she is requesting a new loan to invest in her chicken farm. This will help her to buy laying hens and chicken feed.
Her previous loan was helpful. She was able to strengthen her business and increase her income. She invested her income in basic household costs; her economic conditions and family circumstances have improved.
El crédito anterior fue favorable, ya que logro fortalecer su negocio y aumentar sus ganancias, estas las invierte en los gastos básicos del hogar; las condiciones económicas y las circunstancias familiares han mejorado.
Previous Loan DetailsGricelda has a business raising chickens. She is 24 years old, and has a three-year-old son. She lives with her partner in her own house. The poultry business allows her to earn the necessary income to survive, and she has been working in this area for two years. She learned it on her own… More from Gricelda Yamileth'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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