Update on AzucenaAzucena is originally from the city of Granada and has been making a living selling clothes for some time now. Thanks to support from Kiva and Mi Credito, Azucena has been able to invest in merchandise, allowing her to earn a higher income and to satisfy her customers' needs. Azucena is applying for this new loan to buy clothes, such as trousers, shirts, dresses, blouses, underwear, and more. With these clothes, she will stock-up her business and have a variety of products to offer to customers. Azucena believes that this loan will be of great help to her as, through her sales, her quality of living will improve.
Previous Loan DetailsAzuenca, originally from Granada, is a merchant. She shares that her experience with her last Kiva loan allowed her to increase her earnings and invest in merchandise such as children's and adult clothing and underwear for sale. She is very appreciative for the support that loan has afforded her.... More from Azucena'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