Update on Lidia LissetteLidia is in need of a new loan to continue with her business of selling food. This investment will help her purchase necessary products such as beef, chicken, fish, vegetables, condiments, drinks, conch etc…
Lidia says that the previous loan helped her to increase her inventory and with it she was able to obtain higher revenue. Her family situation remains the same while her economic one has improved.
Cuenta la Sra. Lidia que el préstamo anterior le ayudo a incrementar sus inventarios y con ello se han obtenido mayores ingresos. Las circunstancias familiares se mantienen, mientras que las condiciones económicas han mejorado.
Previous Loan DetailsLidia sells food. She’s 22 years old, pregnant, and the single mother of a five year old girl. She lives with her mother and has been managing her business for the past three years. It’s located in her home and she works Monday through Saturday. Her mother helps her prepare the food. Lidia... More from Lidia Lissette'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