Update on Olga YaniraOlga invested her previous loan in buying beauty products to strengthen her business. Her clientele increased, she provides better service, and she has managed to maintain a good credit record.
She's going to the organization once again to request more capital. She'll invest in buying dyes, cosmetic treatments, masks, scissors, tweezers, and some garments and other accessories so she can offer another type of product, continue to satisfy her customers, and improve her economic situation.
Her family lives in optimum conditions.
Nuevamente acude a la institución para solicitar más capital que invertirá en la compra de tintes, tratamientos cosméticos, mascarillas, tijeras, pinzas, algunas piezas de ropa y otros accesorios, para ofrecer otro tipo de productos, continuar teniendo a sus clientes satisfechos y mejorar su situación económica. Su familia se encuentra en óptimas condiciones.
Previous Loan DetailsOlga has decided to take out a new loan in order to invest in the purchase of beauty products (hair dyes, lipsticks, hair conditioner, face masks, etc.), in order to continue providing a high-quality service in her beauty salon. The benefits of the investment before were a business with new… More from Olga Yanira'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 El Salvador
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