Update on Angela MariaÁngela’s asking for a new loan to invest in her farm; she will buy four pigs to fatten up for her farm which will help her have enough quantity to generate future profits.
She feels that the previous loan helped her to buy farm supplies since she planted corn. Her economic conditions are more solvent. She repaid the loan and expects to continue to be a good client of the institution.
Ella considera que el préstamo anterior le ayudo a la compra de insumos agricolas, ya que realizo la siembra de maiz, sus condiciones económicas ha sido más solventes, cancelo las cuotas de este préstamo, y espera seguir siendo buen cliente para la institución.
Previous Loan DetailsÁngela lives in Santa Elena, Usulután Department. She raises livestock, farm and raises pigs. She lives with her parents and two siblings. She’s single and her father and brothers help her with the field chores. She is asking for a loan to buy piglets. This investment will help her enlar... More from Angela Maria'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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