Update on Yolanda OlimpiaYolanda needs to respond to the new demands of her new customers who visit her as she sells clothing for women and children, so she is asking for another loan to buy dresses for women and girls and suits for boys.
When she received her previous loan she was able to expand her business more easily which gave her the benefits of better profits and preference with her customers. Her family life is different from how it was before, as she has been able to meet her family's needs.
Cuando se le otorgo anteriormente un crédito pudo ampliar su negocio con mayor facilidad con la que tuvo el beneficio de mejores ganancias y la preferencia de sus clientes. Su vida familiar es diferente a la que poseía antes, pues a podido satisfacer las necesidades de su familia.
Previous Loan DetailsYolanda needs a new loan to purchase more clothing. This will help her purchase a variety of blouses, dresses and outfits for women and children. These loans are critical for Yolanda because, with them, she has been able to improve the financial situation of her family and her business because they… More from Yolanda Olimpia'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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