Update on AntoniaAntonia is originally from Esteli. She works as a retailer and has been running a convenience store for many years. She is grateful to Kiva and Mi Credito because her first loan enabled her to increase her income as she managed to increase her store's inventory and was able to satisfy more of her customer’s needs. She is requesting a new loan to buy products like staple grains, toilet paper, soap, medicines, etc., which are all products that are in high demand and essential to her store. Her goal is to grow her business and give a better quality of life to her family.
Previous Loan DetailsAntonia is 48 years old and originally from Estelí. She is a single mother of a 19-year-old child. Antonia is a merchant who owns a convenience store. She started in the retail trade at the age of 40, using her own capital. The money was given to her by her father so that she could establish ... More from Antonia'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