Update on Juana IsabelJuana needs another loan because she is still selling tortillas and has to buy more supplies like corn and wood. With the loan, she will be able to keep her business going for a while. Her previous loan allowed her to serve more customers, to increase her income, and to improve her finances.
Su efecto con el préstamo anterior en el negocio, manifiesta que le permitió tener mas capacidad para atender la clientela, sus ingresos han ido superándose, gracias a la inversión ha mejorado sus condiciones económicas.
Previous Loan DetailsJuana is once again asking for a loan that she'll use to buy the necessary supplies to make tortillas like corn, propane gas and a griddle to make the tortillas so that her business can grow having what's necessary to continue with production and generating more profits. She mentions that her ... More from Juana Isabel'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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