Update on Clara MaribelClara has decided to improve her business selling dinners and buy materials to plant corn and squash. She will buy firewood, gas, and other materials as well as fertilzer and seeds to plant the corn an squash. She says that with the previous loan she positively improved her business selling dinners with more sales and more customers. She also expects a good squash harvest.
Previous Loan DetailsClara lives with her mother and two children who are 9 and 7 years of age. She sells prepared meals and tortillas. She’s been in this business for several years and it is the source of income she relies on to cover household needs. Clara is asking for a loan to buy ingredients for her meal… More from Clara Maribel'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