Carolina Del Carmen
Update on Carolina Del CarmenCarolina is asking for a new loan because she wants to stock her market stall with fresh fruits and vegetables. It is getting to be the time of year when there is greater demand, and for this reason, she should be economically prepared with a stock of potatoes, cabbage, tomatoes, plantains, carrots, and onions, as some examples.
The effect that has been reflected in her business has been an improvement via her investment, so that she now has a fully stocked shop. Her family has been able to maintain its financial stability. She has been able to stop selling atol (a traditional corn gruel) over the past few months, and she now only sells the most profitable fruits and vegetables in her stall.
Su efecto reflejado en el negocio ha sido la mejoría en la inversión para tener surtido el negocio, su familia se ha mantenido económicamente estable, ella ha dejado de vender atol por unos meses, solo queda con las verduras y frutas que son más rentables.
Previous Loan DetailsCarolina is requesting a new loan because she thinks further investment in her fruits and vegetables business in needed given that she has two street vendors who help her. She will buy tomatoes, onions, potatoes, plantains, apples, bananas, cabbages, and other market products. Her prior loan… More from Carolina Del Carmen'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