Update on Sonia PetronilaSonia is originally from the city of Managua. She owns a small grocery store. This has allowed her to move forward and earn better profits. She is happy with Kiva and MiCredito since she has been able to increase the variety of products and actively maintain her business.
She is requesting a new loan to purchase rice, beans, sugar, oil, and other products. She says that the loan will be a lot of help since it will allow her to earn more profits and improve the infrastructure of her home.
Previous Loan DetailsSonia, 60, is originally from Managua and has four adult children. She owns a small grocery store. She started selling sweets, rice and beans by the pound. With this business, she was able to sustain her family and her daughters have helped her to take care of the customers. Before, they took tur... More from Sonia Petronila'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