Update on Silvia CarmelinaSilvia is asking for a new loan because she has set up a food business, apart from her general store, and needs to buy products that are both used in the store and with which she can use to make meals, such as oil, rice, beans, chicken, seasonings and other items. The previous loan had a positive effect, helping her to expand the business and with the profits she was able to successfully help her family.
El efecto que tuvo con el préstamo anterior fue positivo, ayudándole a incrementar el negocio y con las ganancias logro ayudar a su familia.
Previous Loan DetailsSilvia is married and lives with two children who are 19 and 23 years of age. She sells basic need items and has been in business for six years. She started the business with her children and is open from 6am until 7pm. She currently needs a loan to buy rice, beans, sugar, oil, eggs, cured… More from Silvia Carmelina'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