Update on Elvia NoemiElvia is requesting another loan because she needs to improve her business. She makes hammocks. She will invest this loan in the purchase of silk thread for making hammocks, and to keep a better stock of materials for her work. This will allow her to have a greater income for her family's daily bread. Her family circumstances have not changed as this is a subsistence business.
Previous Loan DetailsElvia is 28 years old and lives in Delicias de Concepción in the department of Morazán with her husband and her two children, who are 8 and 10 years old. She manufactures and sells hammocks. She has had this business for six years, and she learned it from her mother, who taught her very well. ... More from Elvia Noemi'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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