Update on Rubidia MilagroRubidia is requesting a loan to improve the inventory of her fruit and vegetable business for the approaching season. She will purchase tomatoes, onions, potatoes, radishes, carrots, chayotes, and cabbages. She will be able to increase her sales with this new investment. She states that her sales have improved with the help of the previous loan.
She went through some difficult times when her financial situation became unstable and she ran low on cash due to the death of a family member. She states that she has relatives that are helping her get through the situation.
Con el préstamo anterior Ella manifiesta que sus ventas han mejorado, tuvo algunos momentos difíciles para tener liquidez, ya que tuvo la muerte de un familiar, desequilibrándole su economía, manifiesta que tiene parientes que le ayudan para salir de la situacion.
Previous Loan DetailsRubidia wants to better stock her business so is once again asking for a loan to have the economic resources needed to buy vegetables and fresh fruit to strengthen the business. She will buy tomatoes, onions, avocadoes, watermelons, strawberries and pears among other varieties existing in the ... More from Rubidia Milagro'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