Update on Patricia CarolinaPatricia has decided on a new loan to buy raw cashews and the required plastic items in order to prepare them for sale. This will help her have sufficient amount of product available to process and go out to sell to her customers.
The previous loan had a positive effect since she was able to buy several measures of cashews thus being able to have it available for a length of time. Her family conditions have improved and she’s added another line of work which is selling assorted bread rolls as an alternative way to expand the business and improve income.
El efecto que tuvo con el préstamo anterior fue positivo, ya que compró varias medidas de semilla de marañon, logrando tener disponible para vario tiempo, en su familia sus condiciones han mejorado y agregado otro rubro a la venta que es pan variado, como una alternativa para ir creciendo en el negocio y mejorar los ingresos.
Previous Loan DetailsPatricia lives with her family - her parents and her 3 brothers. She is a single mother to a 3 year old and her parents help her out a lot. She sells cashews, which allows her to take care of her son. She is asking for a loan to buy cashew seeds, as this is her source of income and she wants to… More from Patricia Carolina'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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