Update on CatalinaCatalina is requesting a loan to buy supplies for her business selling tortillas. She will buy corn, firewood and propane gas, which she needs to prepare the products to sell. Because she can buy with cash, she will be able to acquire these supplies at a lower price.
Catalina thinks that the previous loan helped her to buy corn, firewood and gas to make the tortillas. She also made sales of lotions and cosmetics to increase her income. Catalina has grown her business. She has hired 2 more people to help her to tend to her customers.
Ella considera que el préstamo anterior, le ayudo a comprar el maíz, leña y gas con los que ha estado fabricando las tortillas, tambien ha realizado ventas de lociones, cosméticos, para mejorar sus ingresos, ella ha crecido con su negocio, ha contratado dos personas mas para que le ayuden a atender los clientes.
Previous Loan DetailsCatalina is asking for a new loan to continue improving and growing in sales. Her purchase consists in necessary supplies like corn, firewood and gas that are what allows her to improve tortilla production for her customers. She believes that the previous loan made it possible for her to stay… More from Catalina'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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