Update on RosaRosa continues looking after her beauty salon and improving her economic situation. This is possible due to the good administration of the previous loan.
For Rosa, the loans are a tool that help her to prosper, and so she chooses to request a new loan in order to invest it in the purchase of dyes, treatments, creams, cosmetics and nail polish among other basic products in order to tend to her customers well.
Para Rosa los créditos son una herramienta que le ayudan a prosperar por lo que opta por solicitar un nuevo crédito para invertirlo en la compra de tintes, tratamientos, cremas, cosméticos, esmaltes, entre otros productos básicos para atender muy bien a sus clientes.
Previous Loan DetailsRosa lives with her children and grandchildren. She runs a beauty salon, a business that arose as an alternative way to earn income. She learned in an academy and now works with her daughter. They are well-located downtown. She’s requesting a loan to buy beauty products like make-up, hair… More from Rosa'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