Update on Sonia ElizabethSonia is asking for a new loan to be able to invest in buying materials to make pupusas. She will natural gas, corn, condiments, flour, oil and more to have a better inventory to do her sales every day.
With the previous loan, she was able to have a positive effect with the investment. Her business has been more productive and has had a greater capacity to serve more customers. In her family, every thing is fine, considering that their conditions are more stable through the growth of the business and perserverance with the loans.
Con el préstamo anterior logró tener un efecto positivo de la inversión, ya que su negocio ha sido más productivo y ha tenido más capacidad para atender a los clientes, en su familia todo está bien considera que sus condiciones están siendo más estables a través del crecimiento del negocio y la perseverancia con los préstamos.
Previous Loan DetailsSonia lives with her aunt and two children, aged 10 and 15. She manages a shop selling pupusas that she started three years ago with the help of her mother. Sonia now seeks a credit to buy chicken, chicharrón, cheese, oil, tomatos and condiments, to make pupusas. This inventory will help her… More from Sonia Elizabeth'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