Update on Ana GloriaAna decided on a new loan because she needs to purchase clothing to resell during this Christmas season and has been receiving requests for blouses, women’s underwear and also pants for men and children.
She feels that her former loan helped her to strengthen her business selling clothes as a street vendor. Her circumstances have stabilized since she has had this source of income.
Ella considera que su trabajo con el préstamo anterior le ha ayudado a fortalecer el negocio, realizando la venta de ropa de forma ambulante, sus circunstancias han estado bastante estables, pues a tenido una fuente de ingreso.
Previous Loan DetailsAna has opted for a new loan to make the most of the holiday season. She will invest in the purchase of clothing, such as shirts, blouses, and underwear, in new styles. She believes that these loans have helped her improve her business, and her customers have found her merchandise necessary t... More from Ana Gloria'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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