Update on Sandra ElizabethSandra put her previous loan to good use and her business experienced a favorable impact. Her shop improved since she was able to acquire a variety of sandals. She also started selling snacks. Her extra income did not increase by much, but she was still able to support her family and pay off her debt.
Sandra decided to request a new loan so that she could replenish her inventory and offer fashionable products to her customers. She will buy a variety of sandals, as well as oil, cassava, bananas, propane gas, firewood, and other supplies. This will strengthen her business and enable her to have the supplies that are needed for preparing and selling snacks.
Sandra se decidió por solicitar un nuevo crédito para renovar su inventario y ofrecer a sus clientes productos de que están de moda, comprara variedad sandalias, aceite, yuca, plátanos, gas propano, leña, etc., fortalecerá el negocio y tendrá la materia prima para elaborar la venta de meriendas
Previous Loan DetailsSandra needs capital to stock her business, since the demand has grown. She will use the money to buy sandals (different styles, colours and sizes) and supplies for her shop. Things worked out very well for her with the previous loan; she improved her profits, expanded her business and has been… More from Sandra Elizabeth'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