Update on Rosenda MariaRosenda is requesting a new loan, since she believes that it is necessary to invest in her business through buying products for making food. For example: corn, oil, tomatoes, meat, shrimp, condiments, rice. A new loan will be very useful for this as it will allow her to improve her business' output.
Her previous loan had a positive effect: she increased her number of clients because her food service improved. This has allowed her to achieve a higher level of income. This occurred through Kiva. Her family's conditions are better as well.
El efecto que tuvo el préstamo anterior, fue positivo ya que a aumentado su número de clientes, porque mejoró el servicio de comida, esto ha permitido crear un nivel mayor de ingresos, manifiesta que ha sido a través de kiva, donde su condición familiar tambien es mejor.
Previous Loan DetailsRosenda lives with her two children. She is the administrator and owner of a café where she offers her customers food such as breakfasts, lunches, and snacks. She says that the business emerged as a result of her own initiatives. She works at it every day full time.
She is applying for a… More from Rosenda 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.
About El Salvador
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Success!! The loan was 100% repaid