Rosa Del Carmen
Update on Rosa Del CarmenRosa needs a loan to take advantage of the holiday season in November and December, making tamales. For this, she will have to buy corn, banana leaves, chicken, seasonings, oil among other products that are needed in order to sell tamales. Her previous loan had a positive effect; it helped her improve her business, as well as pay for some medical expenses for her youngest son. Her husband currently works, so both of them contribute to the household.
Con el préstamo anterior tuvo un efecto positivo, ayudo a mejorar el negocio, tambien cubrió algunos gastos en medicinas para su hijo menor, su esposo actualmente cuenta con trabajo ya son dos aportes para el hogar.
Previous Loan DetailsRose is asking for this new loan in order to buy new materials to make tamales, such as corn, chicken, condiments, oil and banana leaves among other ingredients that are needed for the preparation of tamales. The last loan she received helped her to have available the necessary ingredients she n... More from Rosa 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