Update on Grimilda XiomaraGrimilda is from Condega, Estelí Municipality. She’s a merchant. She’s sold clothes and shoes for many years. Thanks to her previous Kiva and MiCredito loan she was able to invest in her business which was of great help for her to increase her clientele. She’s asking for a new loan to buy blouses, shirts, pants, skirts and school shoes in order to meet customer needs during this patriotic month. She figures that the loan will be of benefit for her to earn higher income because she’ll have new products for her consumers. Once the loan is paid off she will request another one to continue investing and to have a better standard of living.
Previous Loan DetailsGrimilda, a single mother, is a native of the town of Condega in the department of Esteli. She is grateful for her first KIVA loan, which was of great benefit to her since she invested it in the purchase of merchandise, such as clothing, shoes and bags to sell and stock her business. Her customer... More from Grimilda Xiomara'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