Update on Roxana EmperatrizRoxana has decided to get a new loan in order to invest it in her business. Besides, she'll also repair the vehicle that she uses for work. She'll use the loan to purchase fresh fruit, mangoes, papayas and apples. She'll also purchase fresh vegetables, and aside from that, she'll seek a mechanic, because the vehicle with which she transports the merchandise is breaking down.
She hopes that with this loan she'll be able to improve her business, since the previous loan provided her with the resources to make a good purchase. Her financial conditions have improved, but she needs to keep on becoming more financially stable.
Ella espera que con el crédito pueda mejorar su negocio, ya que el anterior le dio los recursos para que realizara una buena compra, sus condiciones económicas han mejorado pero necesita continuar estabilizando su economía.
Previous Loan DetailsRoxana sells vegetales. She lives with her husband, and their three children, who are in school. Their ages are 8, 10, and 16. She runs a vegetable business, which she does using a vehicle. She goes out to sell the merchandise around the villages and nearby areas. She has 10 years of experienc... More from Roxana Emperatriz'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