Update on AndreaAndrea wants to expand the food products she sells and she needs a loan to make the investment. She'll buy rice, tomatoes, oil, meat, chicken, cabbage, and other necessary products. This will allow Andrea to continue giving her customers good service.
She had a good experience with the previous loan because she invested in her business and increased her clientele. With her income she has been able to cover her household needs. Everyone in her family is in good health.
Con el préstamo anterior ella tuvo una experiencia buena, porque invirtió en el negocio y aumento su clientela, con sus ingresos ha podido cubrir las necesidades del hogar, todos está muy bien de salud en su familia.
Previous Loan DetailsAndrea, 51, sells food. She lives in her own house with her three children who are all adults now. Andrea has been able to subsist and help cover household expenses by means of her business. She has 20 years’ experience in this business that she inherited from her parents. In order for he... More from Andrea'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