Sonia Del Carmen
Update on Sonia Del CarmenSonia invested the last loan in stocking her store which improved her revenues and fulfilled the needs of her customers. Once again she is requesting a loan to buy rice, beans, oil, sugar, drinks, etc.. Her clientele has grown she has more need of basic food products. She hopes to increases her income, pay off her debt and cover the household expenses. The family has a new member and everyone is better feed and in good health. She will continue to struggle to make her business grow.
En su familia hay un miembro más, todos cuentan con mejor alimentación y están muy saludables. Ella sigue luchando porque su negocio siga creciendo.
Previous Loan DetailsSonia needs to invest in buying merchandise for the shop. For this reason she is applying for a loan so she can buy oil, soap, sugar and rice, among other products that she needs to provide her customers with. She says that working with loans has strengthened the business, improves her profits an... More from Sonia Del Carmen'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