Update on Rosa MaribelRosa has decided to request a new loan in order to purchase shellfish and raw cashew nut seeds. These will add variety to the business and improve customer service. With this loan, Rosa is adding the cashew seeds as a product and thus hopes to improve her earnings.
Rosa's previous loan had a positive effect. She purchased a car in order to mobilize her sales and this has helped her to be able to reach other regions. Her earnings increased and her family has begun to construct an additional small dwelling.
El efecto que tuvo con el préstamo anterior fue positivo, compro un coche para movilizarse con la venta, esto le ha ayudado a mejorar para poder accesar a otras zonas, sus ingresos incrementaron, en su familia ha empezado a construir otra pequeña vivienda.
Previous Loan DetailsRosa sells seafood, vegetables and fruits for a living. She lives with her husband and two children. She learned this business on her own and has been doing it for eight years. She has gained a lot of experience and has many contacts in the seafood business. Currently, she needs a loan to… More from Rosa Maribel'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