Update on Ana GladisAna needs to access a new loan because she needs more working capital for her business. It will allow her to purchase fish, chicken, rice, spices, and other ingredients to prepare her food.
The previous loan helped her stay in business and increase her profit. This is how she supports her family. Their financial situation and family circumstances have improved.
El crédito anterior le ayudo a mantenerse en el negocio y aumentar las ganancias, esto ha sido de apoyo para su familia; las condiciones económicas y las circunstancias familiares han mejorado.
Previous Loan DetailsAna needs a new loan to buy merchandise for her business: soft-drinks, chicken, meat, beans, condiments and oil, for the meal sales. She hopes to get good results from this new investment managing to stock the business. She has good experience managing loans since the current condition of t... More from Ana Gladis'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