Update on Rosa ElvaRosa decided to request a new loan in order to buy a lot of natural medicines, such as linseed, chamomile, vitamins, antibiotics, and herbal products so that she can increase her sales. These items will allow her to go out and sell.
She says that her previous loan allowed her to grow and have the necessary products on hand to meet her customers’ needs. Her family situation has also improved with her income.
Ella manifiesta que el préstamo anterior le permitió crecer y tener medicamentos necesarios para atender las demandas y necesidades de los clientes, sus circunstancias familiares han mejorado con los ingresos.
Previous Loan DetailsRosa is seeking a new loan so that she can purchase supplies and stock up her business. She wants to continue growing her product line with the purchase of vitamins, medical supplies, painkillers, and antihistamines, all things that will help keep her customers happy. She had a positive… More from Rosa Elva'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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