Update on Sonia RoxanaSonia needs a new loan because she needs to buy more merchandise for her business selling American clothing. This loan will allow her to buy shirts, pants, shorts, and other items.
Her previous loan allowed her to expand her inventory and she invested her profit in home repairs. She still has the same family group and their situation has improved, as have their economic conditions.
El crédito anterior le ayudo a incrementar sus inventarios y las utilidades las invirtió en la reparación de la vivienda; mantiene el mismo grupo familiar y las circunstancias familiares han mejorado, asimismo las condiciones económicas.
Previous Loan DetailsSonia has decided on a new loan because her intention is to keep working. With these loans she’ll buy blouses, pants and underwear needed to continue seeking economic growth opportunities in the marketplace. She attained an increase in merchandise with the previous loan and also was able to off... More from Sonia Roxana'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