Marlene Del Carmen
Update on Marlene Del CarmenMarlene is requesting a new loan to continue to improve the business, because it is through the borrowed funds that she is expecting to make a big purchase to obtain the supplies at a better price. For example, corn and wood can be obtained at an even better price when they are purchased at wholesale. She will also buy oil, seasonings and cheese to make pupusas (stuffed tortillas). With the previous loan she increased the business' production, and she has a considerable number of customers to service, all of which has allowed her to earn a higher profit. She is motivated because she has this support to grow and better herself together with her family.
Con el préstamo anterior le incrementó la producción en el negocio, tiene un número considerable de clientes para atender, los cuales han permitido generar una mayor ganancia, esta motivada de tener este apoyo para crecer y superarse con su familia.
Previous Loan DetailsMarlene has a business in her home making pupusas (stuffed tortillas). She works Saturday and Sunday evenings, and has been doing this for two years. She lives with her husband and two children aged 7 and 10 years old. She needs the loan to grow her business and to purchase raw ingredients… More from Marlene Del Carmen'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