Update on MartaMarta’s asking for a new loan to strengthen the business because she feels that a new investment in supplies like soft-drinks, rice and cheese, among other products is necessary to meet customer demand in her store and ‘pupusa’ [stuffed, grilled corncakes] shop.
The previous loan helped her to strengthen the business and generate higher profits to help her family. This motivated her to continue working hand-in-hand with the loans because she believes that her condition is improving.
El préstamo anterior le ayudó a fortalecer el negocio y a poderle brindar mejores ganancias, para ayudar a su familia éstos le ha motivado a continuar trabajando de la mano de los préstamos pues considera estar mejorando su condición.
Previous Loan DetailsDoña Marta lives in Concepcion Batres, a Department of Usulutan. She sells pupusas (an El Salvadorean dish) and manages a shop. She is a single mother and lives with one of her children. She began her business over 29 years ago and works every day from 6:00 am to 7:00pm. Her clients are friends… More from Marta'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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