Update on Morena GuadalupeMorena is asking for a new loan to buy a larger amount of fresh products for her seafood business. She will buy fish, shrimp in various sizes and clams. This will allow her to offer her customers a wider selection of fresh products.
The previous loan allowed her to stay in business and to continue to improve her sales. Her plans include expanding her sales areas in order to increase her customer base and to also improve income.
El préstamo anterior le permitio mantener el negocio y continuar realizando mejores ventas a sus clientes, en sus planes está ampliar las zonas de comercialización con el objetivo de aumentar la clientela y también mejorar los ingresos.
Previous Loan DetailsMorena works selling seafood and chicken. She has had this business for two years, and her husband helps her with it. She lives with her husband and two children, aged 13 and 8. She needs the loan to increase her earnings and also to have more customers and offer them variety. She will… More from Morena Guadalupe'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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