Update on Ruth MariaRuth is requesting a new loan to invest in her snack business. She considers her venture to be lacking in supplies that are needed to put forth a better product. Ruth will buy corn, firewood, gas, condiments, and other necessary supplies for preparing her food.
She hopes that this loan will generate good results in the same manner as her previous one. By maintaining a variety of products, Ruth will be able to move forward with her family in the coming months. She believes her sales have increased.
Ella espera con este préstamo tener buenos resultados de la misma manera que los consiguió con el préstamo anterior, ya que ha mantenido variedad de sus productos y de esta manera ha logrado salir adelante estos meses con su familia, pues considera que sus ventas han aumentado.
Previous Loan DetailsRuth lives with her family, two daughters who are 16 and 18 years old. She is dedicated to selling packed lunches. This business is profitable because nearby is a school where she offers her typical food dishes to students and teachers. She is requesting a loan for the purchase of merchandise for… More from Ruth 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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