Update on Griselda MarisolGriselda needs to stock her store more and buy corn and firewood to sell tortillas. To do this she has requested a new loan that would allow her to invest the funds in snack foods, grains, firewood, corn, bags, and other domestic products in demand at her business. This will help her to have a better income in the business and better tend to her customers.
The previous loan she received had a positive effect which allowed her to improve the business and maintain a good sales level through the present. Her family situation is also improving as the business has contributed higher earnings. In the future she would like to add other products to the store.
Con el préstamo anterior tuvo un efecto positivo, ya que le permitió mejorar el negocio y hasta el momento se ha mantenido un buen nivel de venta, con su familia su situación también está mejorando, ya que el negocio ha contribuido con mejores ingresos, ella desea a futuro agregar otros rubros en la tienda.
Previous Loan DetailsGriselda lives with her husband and her children. She runs a general store where she also sells light meals, fish, cheese and tortillas. She started her activity 10 years ago following her neighbors’ advice, and up to now she has not meet with any difficulties and has succeeded in providing for… More from Griselda Marisol'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