Update on Edith MaribelEdith is requesting a loan to buy basic staples for the store she currently manages. She will buy sugar, beans, rice, oil, snacks, beverages, toilet paper and other merchandise her customers are requesting. Her previous loan allowed her to increase inventory and sales. She also managed to improve profits and retain many customers. She’s motivated to continue working by means of these loans because she believes that she’s growing in the zone.
El préstamo anterior le permitió aumentar el inventario y las ventas, logró también mejorar sus ganancias y mantener la preferencia de muchos clientes, esta motivado a continuar trabajando a través de estos financiamientos ya que considera que crece en la zona.
Previous Loan DetailsEdith lives in El Triunfo, in the department of Usulután, where she lives with her husband and three children ages 18, 12, and 11/2 years. She is 35 years old and has a store that sells basic goods. She has run this business for 10 years in El Triumfo's municipal market Mondays through Sundays.… More from Edith Maribel'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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