Update on Teodora VeronicaTeodora is requesting a new loan to invest in merchandise for her store. She will purchase cereals, pastas, rice, beans, and sugar as well as other basic products, which will allow her to offer better service to her clients. She was able to increase her income by improving her business with her previous loan, which also allowed her payoff some debt and to continue to invest in her children's education.
Ella mejoro sus ingresos con la inversión que le realizo al negocio, a través del préstamo financiado por Kiva anteriormente, esto le ha permitido mejorar y suplir algunas deudas, y siempre invertir en la educación de sus hijos.
Previous Loan DetailsTeodora is requesting a loan in order to be able to invest in the store. She will do this by purchasing products to stock the store. She will buy products like condiments, pasta, soup, and personal hygiene products. By doing this she will manage to improve her business. She will also be able ... More from Teodora Veronica'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