Yasmina Del Socorro
Update on Yasmina Del SocorroYasmina is from Granada and has a store. She is grateful to Kiva and MiCredito because she was able to buy high consumable products and keep her customers satisfied. She is asking for a loan to buy rice, sugar, sardines, soft drinks, and other things. She believes that this loan will be of great help so she can improve her quality of life.
Previous Loan DetailsYasmina lives in Granada. She’s 32-years-old, married and has four children and a baby that’s about to be born. She’s owned a grocery store for 12 years. She did not own a house but started her business with a little bit of capital and her husband opened a bar that generated good profits. With… More from Yasmina Del Socorro'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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