Update on Yessica AmparoYessica needs more capital to buy a variety of clothing, bread, eggs, oil, snacks, sweets, crackers, beverages, cheese, cream, fresh cheese, and other basic products so that her inventory will be better stocked and she can continue generating income to meet her obligations.
With the previous financing, she bought clothing. Her economic situation is more stable, allowing her to increase the merchandise that she offers her customers. Yessica is now in a relationship.
Con el financiamiento anterior compro ropa, su situación económica es más estable permitiéndole aumentar la mercadería que ofrece a sus clientes. Actualmente Yessica está acompañada.
Previous Loan DetailsYessica is a clothing businesswoman. She is a single mother with an 8-year-old daughter, and her grandmother also lives with her. Yessica's business is selling clothes and selling cheese. She started this out of necessity for marketing these products, as she must provide income for her daughter… More from Yessica Amparo'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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