Update on Melva AlbertinaMelva is requesting a new loan to buy supplies for her activity. She will buy maize and firewood to keep her inventory stocked up, as this will help her increase her production in a given timeframe without any inconveniences.
She believes that these loans have helped her being successful and improving her standard of living. These periodical purchases are the result of the good demands her activity receives, thanks to which she has already repaid her third loan.
Ella considera que estos préstamos le han ayudado a prosperar y mejorar sus circunstancias de vida, estas compras periodicas son producto de la buena demanda que tiene en el negocio, cancelando ya su tercer prestamo.
Previous Loan DetailsMelva sells tortillas. She lives with her husband and 8 year-old son. She learned how to make tortillas when she was young but decided to set up her business through necessity as she wanted to have a source of income and support her husband with their household expenses. Melva is requesting a… More from Melva Albertina'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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