Update on Claudia ElenaClaudia has three children and comes from the city of Granada. She is a salesperson and she is primarily in the business of selling soft drinks and costume jewelry, a line of work which generates a good income for her family. She is thankful to Kiva and Micrédito as they have allowed her to buy more products and offer a wider variety of merchandise. She is asking for a new loan to buy pants, shirts, and children's clothing, among others, with the goal of selling her new line of products and increasing customer demand. She believes that this loan will help her achieve a greater customer base and greater income.
Previous Loan DetailsForty-four year old Claudia is a humble businesswoman in the city of Granada. She is married and a mother to three children. Claudia makes a living selling costume jewellery and fizzy drinks. She tells us that her family taught her to work from a young age when she did cleaning and cooking wor... More from Claudia 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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Success!! The loan was 100% repaid