Update on Ana PatriciaAna would like to invest more in inventory for her business. This time she will buy beans, corn, oil, meat and candy, among other things, to supply her store and to have ingredients to make food for her restaurant. With the previous loan she improved her business premises and the store was well stocked, so that her customers remained loyal and were satisfied. Her financial situation improved greatly, and she was able to repay the loan without difficulty.
Con la inversión anterior ella mejoro las condiciones de su local, adquirió mesas, la tienda estaba muy surtida para que sus clientes siguieran siendo fieles y también estuvieran satisfechos. su economía mejoro mucho pues pudo cancelar sin ningún problema el préstamo.
Previous Loan DetailsAna has applied for a loan to continue investing in her business. The loan will allow her to buy basic items such as beans, rice, sugar, meats, and more. The previous loan helped her to increase sales, inventory, and profits, which improved her financial situation and her family's living conditio... More from Ana Patricia'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