Update on Nelly ErnestinaNelly has submitted a new loan request because she needs capital to invest in her business. She will buy pigs for fattening so that she can sell them later.
Nelly says that her previous loan had an important effect. It provided her with everything she needed for her work. As a result, her family’s circumstances changed and her financial condition improved. Nelly is motivated to maintain her small farm since it provides her with work and the means to provide financial support for her family.
Expresa que el crédito anterior tuvo un efecto muy importante, ya que le permitió tener todo lo necesario para trabajar, han cambiado las circunstancias familiares y las condiciones económicas han mejorado.
Ella esta motivada con su pequeña granja, ya que le da la ocupacion y a la vez le genera actividad economica con su familia.
Previous Loan DetailsNelly lives with her husband and two children. She has a pig farm which she began with the support of her husband, who always supports her projects. The farm is at her house. She doesn’t work on a fixed schedule.
Nelly is applying for this loan in order to purchase pigs and feed. This… More from Nelly Ernestina'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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