Update on Jenny InesInés, age 33, lives in her own house with her two minor children. Inés is a hard working, selfless mother with a strong desire to get ahead. Indeed, she has recently finished repaying a loan to Kiva borrowers earlier than the deadline. That loan helped her to purchase goods she sells ahead of the holiday season to take advantage of increasing demand, and this was a success. A year after, she is looking to continue to implement a similar strategy as the winter comes to Peru.
She lives in an urban, developing community belonging to Chiclayo District. Inés has been a street vendor of women’s clothing for the last eight years. Every Sunday she heads out to the outside of a popular market located half an hour from her house where most of her sales take place. She’s managed to win over a base of regular customers who pay her in cash.
Inés is asking Edpyme Alternativa for a 3500 soles loan to invest in her business. She wants to take advantage of the change in season and again of the national holidays to increase sales and to renew her stock merchandise. She believes offering winter clothes is the way forward and wants to increase the range of winter clothes offered to her clients.
Inés is one of this institution’s most faithful clients and she has an excellent credit history. She has always repaid her loans punctually.
Previous Loan DetailsInés, 32, lives in her own house with her two minor children. Inés is a hard working, selfless mother with a strong desire to get ahead. She lives in an urban, developing community belonging to Chiclayo District. Inés has been a street vendor of women’s clothing for the last 8 years. Every ... More from Jenny Ines'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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