Update on Rosa AreliRosa decided on a new loan in order to grow with merchandise for her business. She will do this by purchasing a variety of natural medicines and chemicals for body discomforts and illnesses. She will do this with the intention of improving her capacity to tend to her customers’ needs.
The effect she had with the previous loan was positive. It changed her family’s circumstance and provided new products to sell. This improved her family’s income.
El efecto que tuvo con el préstamo anterior fue positivo, cambiando las circunstancias familiares y tener nuevos productos a la venta, mejorando sus ingresos a la familia.
Previous Loan DetailsRosa lives with her husband and one child. She learned the medicine business from her husband, who taught her. She currently sells in street markets and has no fixed schedule. Through her sales she has been able to maintain herself and help support the household. She is requesting a loan for the… More from Rosa Areli'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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