Update on Fatima MargaritaFátima is requesting a new loan as she needs to increase investment in her business. She is grateful for the good treatment she receives from the institution staff. This loan will help her to purchase sandals, shoes, and baby clothes among other items.
With the previous loan, Fátima increased her profits and her customers are happy as she was able to satisfy their needs. Conditions have improved for her family, as her children are studying and she always wants to help them.
Con el crédito anterior, obtuvo mejores ganancias y la clientela más satisfecha por cubrir sus necesidades. Las condiciones familiares han mejorado ya que los hijos están estudiando y desea siempre ayudarles.
Previous Loan DetailsFátima lives with her two children and her spouse. The two of them work to make enough money to cover household expenses. Fátima sells all different types of sandals from her business located in the municipal market. She works Mondays through Sundays from 6am until 5pm and has been doing this f... More from Fatima Margarita'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