Update on LauraSince receiving her first Kiva loan a year ago, Laura has more than doubled the number of families who are a part of her dance studio from 120 families to over 250. She has continued to reinvest her additional revenue back into her business installing a new dance floor and purchasing an electronic sign-in system that allows her studio to run more efficiently.
Laura, pictured here in purple, continues to spread her love for dance, teaching a wide variety of dance styles from all around the world. Her students, such as those pictured with her, wear authentic and intricately designed costumes made by Laura herself. She has also recently hired to instructors to teach hip hop and Indian style dance.
As her studio grows not only in size but notoriety, Academy of World Dance ‘N Arts s has been invited to perform around all around the county. Laura is using her second Kiva loan to purchase a set of floor mats and other equipment to allow her and her students to perform in outdoor venues.
Laura still continues to pursue her dream of renting out a larger space and building a state-of-the-art international performing arts center. With business growing, she grows closer to realizing this dream a little more everyday.
Previous Loan DetailsAs the owner of a dance studio that instructs over 200 students in over 130 different styles of dance, Laura is passionate about people from around the world, instilling in her students understanding and deep respect for each culture. Her motto is to “bring the world together by teaching differen... More from Laura'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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About United States
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This loan has been fully funded!
- Repayment Term
- 39 months (Additional Information)
- Repayment Schedule
- May 31, 2014
- Jul 28, 2014
- Currency Exchange Loss:
Photo from previous loan
Kiva allows our Field Partners to re-use the same photo for individual borrowers that have been posted on Kiva's website once before in a 24 month period, and we allow them to re-use group photos for up to 24 months, provided that 80% of the current group's membership is represented.
Taking, collecting, and uploading photos of borrowers is one of the most challenging elements of using Kiva for our Field Partners. In order to make Kiva easier for Field Partners to use, we have allowed them to post successive and concurrent loans without taking a new photo of the borrower if the criteria above are met.