Alejandra De Los Angeles
Update on Alejandra De Los AngelesAlejandra is a native of the city of Granada. Her work is selling foods and beverages. She feels grateful to Kiva and MiCredito, since she has succeeded in improving her earnings and thus supplying all her necessities. She is applying for a new loan to make wholesale purchases of sugar, rice, oil, beans, etc. She expects that the loan will be a great help to her since she will be able to offer more products and obtain better earnings.
Previous Loan DetailsAlejandra, 32, is from Granada; she’s married to a merchant and is the mother of a 7-year-old child. She works in her grocery store. She started this activity with help from her mother who encouraged her to have her own business because her husband is a salaried employee and she helps him cover… More from Alejandra De Los Angeles'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