Update on Sara MaríaSara is requesting her fourth loan; she stood out because of her punctuality with her payments month to month. She wants to invest in her chicken farm again which is why she renewed her loan for a larger amount thanks to her good credit history.
Sara used her previous loan to buy chicks and feed. However, she noticed that she could grow still more so decided to make a new investment. She has seen growth in chicken production thanks to her previous loan. However, she expects that growth will be progressive and results will be reflected in the next six months.
Con el crédito anterior Sara compró pollos y alimento, sin embargo se dio cuenta que aún podía crecer más por lo que decidió hacer una nueva inversión. Ella ha visto un incremento en la producción de pollos con su operación crediticia anterior sin embargo espera que el crecimiento sea progresivo y los resultados se vean reflejados los siguientes seis meses.
Previous Loan DetailsSara is a 55-year old woman who lives with her husband Glovio and their two children who attend school. They live in the neighbourhood of Las Mercedes in the rural area of Santo Domingo which is a canton in the province of Santo Domingo de los Tsáchilas, one of Ecuador’s most densely populated… More from Sara María's previous loan »
About Fundación AlternativaFundación Alternativa encourages entrepreneurship and provides sustainable financial and non-financial services that promote social and economic development in Ecuador. The organization focuses on serving poor and excluded populations through analysis of clients' living conditions and by providing business training and other support services in urban, rural and marginalized parts of the country.
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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