Update on Celia EmelinaCelia needs more capital in order to buy firewood, corn, oil, and beans for preparing chicken tamales and bean tamales, which she sells. For this reason she is requesting a loan, which will give her the security to continue with the business.
With the previous loan she managed to buy materials to strengthen the business. She received profits from the sales that allowed her to help her family; her family conditions have been stable.
Con el préstamo anterior, ella logro comprarse materiales para fortalecer el negocio, con sus ventas ha logrado recibir ganancias para ayudar a su familia, todas las condiciones en su familia han estado estables.
Previous Loan DetailsCelia is requesting a new loan to strengthen her business with the purchase corn, beans, chicken, rice, and sugar. This will help her keep the business well-stocked in order to meet her customers’ needs and demands. She feels that the business has grown as she increased her inventory through the… More from Celia Emelina'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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