Update on Sandra ElizabethSandra has decided on a new loan, because she needs money to invest in equipment for her business making pupusas [traditional filled tortillas]. Her aim is for these funds to allow her to buy a griddle to make pupusas. With this, Sandra will be able to improve her business.
Her aspiration is to strengthen her business and expand her customer base. She believes that with the loan she used previously, her economic situation improved. Everyone in her family is now doing well.
La aspiración de ella es fortalecer el negocio, aumentar su clientela, considera que con el préstamo que utilizo anteriormente, su situación económica mejoro, en su familia todos se encuentran bien.
Previous Loan DetailsSandra is asking for a new loan to invest in the purchase of baked bread to resell. The loan will help her with economic resources so that she can negotiate a good price for her bread order that will generate good profits on her sales. She combines this activity with the sale of turnovers and t... More from Sandra Elizabeth'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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