Update on MiriamMiriam is requesting a new loan so that she can invest in strengthening her poultry farm. She says that it is necessary for her to buy concentrated feed in bulk, small chickens to strengthen her flock, and cleaning supplies for her chicken coop. This loan will help provide the financial resources to help meet the needs of her business and to make it function better.
Miriam experienced positive effects from her previous loan, which motivated her to continue working in order to strengthen her business and develop her poultry production. This also helped her to cover other household necessities.
Con el préstamo anterior tuvo un efecto positivo, del cual ha motivado continuar trabajando para el fortalecimiento del negocio, el desarrollo en la producción de gallinas, esto le ha ayudado también a cubrir otras necesidades en su hogar.
Previous Loan DetailsMiriam lives in San Francisco Gotera in the department of Morazán. She runs a free range chicken farm. She lives with her husband, close by to her family. She runs her business from her own home, feeding and caring for her chickens so that they will grow and fatten up enough for her to sell. At… More from Miriam'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