Carmen De Jesus
Update on Carmen De JesusCarmen has decided to take out a new loan which she will use to further expand her business. She has added more merchandise to her business and now has a fixed sales location. She will buy sandals and beauty products. She will also buy ingredients for making pupusas: oil, seasonings, 'quesillo' (soft cheese) and 'chicharrón' (shredded pork).
With her previous loan, Carmen managed to improve her sales and increase the stock of her fruit and veg business. She has improved her business and also her living conditions as she has more profits to invest in her home.
Con el préstamo anterior logro mejorar la venta y su inventario en la venta de verduras y frutas, ella ha mejorado su comercio, las condiciones del hogar, ya que posee mejores ganancias para invertir en su casa.
Previous Loan DetailsCarmen is requesting a loan to buy merchandise, because she wants to follow-up an investment that she made with the first loan. This new loan will help her to keep up with the market competition, by acquiring fresh fruit such as apples, grapes, watermelons, strawberries and pears. She believes… More from Carmen 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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Success!! The loan was 100% repaid