Update on Juana FranciscaJuana needs to invest more in the business which is why she’s requesting a new loan; she considers that through them she’s been able to have everything she needs to make tortillas. She will buy corn, firewood and propane which are supplies that are directly needed for the business. This loan will give her once again the economic resources to strengthen inventory of the materials mentioned above.
She had a positive effect from the previous loan in that it helped her strengthen the business and with profits from sales she was able to help her family covering food costs. Her other conditions are stable and for the moment she’s having no problems.
Con el préstamo anterior logró tener un efecto positivo, pues le ayudó a fortalecer su negocio y con las ganancias de las ventas ha logrado ayudar a su familia cubriendo los gastos de alimentación, las demás condiciones se mantiene y por el momento no ha atravesado ningún problema.
Previous Loan DetailsDoña Juana, 57 years of age, is dedicated to the sale of tortillas. She lives in San Miguel with her husband and their 40 year-old son. This business was started 6 years ago on her own initiative. Her clients are friends and neighbors. Her husband supports her in everything. At this time she… More from Juana Francisca'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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