Update on Rosa IsabelRosa has decided to apply for another loan to invest in her business and buy a variety of natural and manufactured medicines such as antibiotics, vitamins, and pain relievers that her customers need. Her financial situation is sound because her previous loan helped stabilize her business and increase her sales.
Sus condiciones económicas se mantienen, porque considera que el préstamo anterior le ha permitido que su negocio permanezca estable, ayudando a incrementar los ingresos.
Previous Loan DetailsRosa has decided on a new loan because she needs to invest more in her business. She will buy natural products like aloe vera, omega-3, flax and vitamins that are natural to continue offering to her customers because they are in high demand because of their efficacy in various illnesses.… More from Rosa Isabel'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