Update on Concepcion MercedesConcepción has opted to request a new loan to increase her store’s inventory. She will buy basic items for the home like soft-drinks, packaged snacks, beans, oil, and condiments, among others that her customers prefer. With her previous loan Concepción thinks that her inventory improved and so did her sales because she had a good selection of stock in the store. She says that her family’s economic situation has been favorable.
Con el préstamo que se le financio anteriormente concepción considera que su inventario mejoro, sus ventas tambien, ya que mantuvo un surtido de productos en el negocio; En su familia manifiesta que la situación económica ha sido favorable.
Previous Loan DetailsConcepción runs a household products store. She's married and has two children. She started the business to be able to have a source of income to support her family and cover all the most basic necessities. She wants to invest in new products to diversify the store, so she's requesting a loa... More from Concepcion Mercedes'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