Update on Magaly EsmeralyMagaly has decided to request a new loan because she needs money to invest in her chicken farm. She wants to purchase chicks and chicken feed to fatten the chicks. This finance will help improve her opportunities to sell her chickens.
She considers that her income has improved with the last loan, and she strengthened the business thanks to the investment she made with the Kiva loan.
Considera que con el préstamo anterior sus ingresos han mejorado, logro fortalecer el negocio, gracias a la inversión que realizo con el préstamo Kiva.
Previous Loan DetailsMagaly is a single mother with a three-year old son. She currently lives with her parents and works taking care of a chicken farm. Through this work she has been able to support her child and cover all of her living costs. The business began a year ago, and she has been able to gain a number of… More from Magaly Esmeraly'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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