Mercedes De Jesus
Update on Mercedes De JesusMercedes has decided to take out a new loan because she needs more capital to continue working buying and selling chickens. She will use the borrowed funds to buy chicks to increase the size of her farm and continue selling. This will be of great help for her to continue with the farm.
She believes that the previous loan was very helpful because she strengthened the business and with the profits she obtained was able to help her family. Her business continues growing and her family condition is stable.
Con el préstamo anterior considera que le ayudó a fortalecer el negocio y con las ganancias que obtuvo ha podido ayudar a su familia, su negocio continúa creciendo y las condiciones en su familia se mantiene.
Previous Loan DetailsMercedes is a single mother who lives with her two children, ages 19 and 25. Her husband died six months ago, which is why she has to work. Mercedes sells chickens and pigs at the market from 4am to 6pm every day.
She needs a loan to buy chickens and pigs so that she can improve her sales… More from Mercedes De Jesus'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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