Update on Carmen ElenaCarmen is applying for a new loan to purchase more beauty salon equipment. She will purchase two hair irons and two shelves to display various beauty products. She used the previous loan to diversify the beauty products that she offered to her customers. She has her own business location, has increased her income, kept her customers, and gained new customers. Her financial situation has changed. Today, her family is in better health and has adequate food, and she continues working to further expand her business..
Ella invirtió el préstamo anterior en diversificar los productos de belleza que ofrecía a sus clientes. Tuvo incremento en sus ingresos, tiene local propio, mantiene sus clientes y han llegado nuevos.
Su situación económica ha cambiado hoy posee una vida familiar con mejor salud, alimentación adecuada sigue trabajando para ampliar más su negocio.
Previous Loan DetailsCarmen lives with her husband and one daughter. She is the owner of a beauty salon. This business came of her own initiative, thanks to her mother who taught her the profession. She works full-time every day. She is asking for a loan to purchase glass showcases and cosmetics (makeup, hair d... More from Carmen Elena'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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