Update on Freydell MassielFreydell lives in the city of Estelí. For the past 5 years she has had a tailoring business. This is her second kiva loan. She used her previous loan to finish buying an overlock sewing machine as well as fabric.
The loan that she is presently requesting is to purchase thread, fabric, needles and to finish buying an industrial sewing machine.
Her dream is to have her own brand of clothing and to have an industrialized company. She says that this second loan will be a lot of help because she will be able to expand her business as well as her production.
Ella dice que este segundo crédito la ayudara de mucho ya que va a poder ampliar el negocio así como la producción.
Previous Loan DetailsFreydell is 23 years old and from Estelí. She is single and has been a seamstress for five years. She had experience and became an expert in this business. She started because her mother was a seamstress and taught her, but then she looked for a course so that she could specialize a bit. This... More from Freydell Massiel'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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