Update on BenignaBenigna has completed the repayment of her loan with us. She did so with the earnings from her business. For that reason, today, she is soliciting a new loan in order to restock with seasonal clothing for winter.
Benigna has almost no summer clothing remaining in stock now and very little selection left. She commented that the good winter season is coming when she sells more cold weather clothes and tennis shoes.
Benigna is grateful for the renewed offer of help.
Previous Loan DetailsBenigna, 55 years old, is a very hard-working person. Together with her husband Ernesto--70 years old--she sells pre-owned clothing. In this way, they have gotten ahead day by day. She is very happy to have found Credituyo since she wants to purchase clothing for the winter season. That way she... More from Benigna'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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