Update on Olga YaniraOlga has decided to take out a new loan in order to invest in the purchase of beauty products (hair dyes, lipsticks, hair conditioner, face masks, etc.), in order to continue providing a high-quality service in her beauty salon. The benefits of the investment before were a business with new producers to offer to her customers and the generation of profits that allowed her to pay off the debt.
She provides better life conditions for her family; it continues to have the same number of members. They all are very healthy and continue to work every day in order to maintain the active business.
Brinda mejores condiciones de vida a su familia, siguen siendo el mismo número de integrantes, todos están muy saludables y siguen trabajando cada día para mantener el negocio activo.
Previous Loan DetailsOlga needs a new loan because she requires greater working capital. This will allow her to buy shampoo, hair dye, creams, nail polish, lipstick, blush, foundation and other cosmetics. Her previous loan helped her to expand her clientele and earnings at the same time. She invests her earnings in… More from Olga Yanira'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