Update on RosalinaRosalina has decided to take a new loan in order to purchase materials for making tamales and enchiladas. This loan provides her with the necessary resources to invest in oil, corn, condiments, plastic utensils, and other products that she can use for her sales.
The previous loan helped her to improve her business, increasing materials and having them on hand in order to increase production and sales. This has motivated her to continue working via loans financed with Kiva.
El préstamo anterior le ayudó a mejorar el negocio incrementando los materiales y teniéndolos a la mano para aumentar la producción sus ventas, esto ha motivado para que continúe trabajando a través de los préstamos que se financian con kiva.
Previous Loan DetailsRosalia is 31 years old and lives in the town of San Francisco Gotera, within the Morazán department. She is married and lives with her husband and five children; Glenda, age 11; Alexander, age 9; Lisseth, age 7; Leydi, age 5; and Yancy, age 2. She makes tamales (cornmeal dough stuffed with… More from Rosalina'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