Update on Angel MariaÁngel has chosen to take out another loan that will be invested in the purchase of pastries, sandwich bread, dressings, a variety of beverages, and other ingredients that she needs to offer her products to customers. With the previous loan she increased her income which she used to add to her business, improve her sales and improve her family's lifestyle by a great measure.
Con el crédito anterior incremento sus ingresos con los cuales agrego otro tipo de actividad económica con la que ha ampliado su negocio, mejoro sus ventas y en gran medida ha cambiado el estilo de vida de su familia.
Previous Loan DetailsÁngel is requesting a new loan to invest in the improvement of her business. She will buy products such as sodas and juices, but she will also acquire a few articles of clothing, such as shirts and blouses. This will strengthen her business and enable her to continue offering quality products.… More from Angel Maria'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