Update on Griselda MaricelaGriselda has decided to ask for a new loan to buy some materials which she needs for the business such as corn, onions, farmer’s cheese, pork rind and some fresh fruit and vegetables to increase her business' inventory. She hopes that she will obtain very good results from this investment and to continue working with loans.
She says that the last loan helped her very much to grow and expand, improve the shop premises and improve her family’s income.
Ella manifiesta que el crédito anterior le ha ayudado mucho para crecer y desarrollarse mejorando el local del negocio y mejorando también los ingresos para su familia.
Previous Loan DetailsGriselda lives with her husband and children in a rented home. She sells fruits, vegetables and seafood, a business that she learned from her mother 15 years ago. She works every day, Monday to Sunday, and has an established customer base so she needs to have a variety of products. She needs ... More from Griselda Maricela'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