Update on Rosa ElenaRosa is starting a new sowing season, which is why she is once again requesting a loan that will allow her to purchase seven sacks of fertilizer and a bag of improved seed, as well as hire laborers who will help her sow the seeds. This loan will greatly help her improve her crops.
She states that the previous loan helped her to obtain the services necessary for planting seeds and to obtain better profits through selling her crops. With these Kiva loans, she has been able to yield a good amount of crops and generate the necessary income for her household.
Ella manifiesta que el préstamo anterior le ayudo a brindar los servicios necesarios en la siembra, para que sus ingresos mejoren a través de la comercialización de la cosecha, a traves de estos creditos de kiva ha logrado obtener una buena producción e ir generando los ingresos necesarios para su hogar.
Previous Loan DetailsRosa lives with her son and a niece. She is a widow and works as a farmer harvesting corn. This business started thanks to her husband, who carried out the labor and taught her the trade. She tends to the crops along with young workers whom she pays, and they don't have a fixed work schedule. She... More from Rosa Elena'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.
About El Salvador
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Success!! The loan was 100% repaid