Ivania Del Socorro
Update on Ivania Del SocorroIvania is from the city of León. She is single and has three children. She works as a merchant selling used clothing and has been in business for seven years. She is grateful to Kiva and MiCredito because she was able to increase her inventory, earn more income and satisfy her customers.
Now she is requesting a loan to buy sandals, shoes, beachwear, sportswear and other items in an effort to continue investing in and growing her business. She works from home because she has many customers in the area.
Previous Loan DetailsIvania, 51, is from León. She is single and the mother of three children who live independently. She studied for a degree in nursing. She is a storekeeper by trade and works selling used clothing, an activity she started more than six years ago on her own. She sells her products in her own ... More from Ivania Del Socorro'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