Update on TimoteaTimotea opted to take out a new loan because she needs to invest in her business, buying a batch of medicines and clothing. She will buy linseed and dietary supplements, among other natural products, as well as children's clothing, blouses, and underwear. She says that the previous loan allowed her to improve her business and strengthen her inventory. Today she has moved to another house that is bigger.
Ella comenta que el préstamo anterior le permitió mejorar el negocio, fortaleciendo el inventario hoy en día se ha trasladado a otra vivienda que es más amplia.
Previous Loan DetailsTimotea is requesting a new loan to buy merchandise because demand from her customers still continues. She will buy medicine: antibiotics, vitamins, and analgesics made with herbs. She also will buy a batch of clothing to resell, blouses and underwear more than anything else. The previous lo... More from Timotea'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