Update on Vilma GladysVilma is asking for a new loan so that she can continue to work her pig farm. She will buy three pigs this season, so that she can have some on hand, fatten them up, and resell them. This loan will supplement the necessary investment that Vilma will make.
She believes that the previous loan had a positive effect and brought her a better income and improving some of her family’s conditions.
Con el préstamo anterior considera que su efecto fue positivo, teniendo mejores ingresos, cambiando algunas condiciones en su familia.
Previous Loan DetailsVilma makes a living raising pigs. She learned this business as a child close to her parents because they had been pig merchants. She does not have a set schedule to attend to the labors that the farm demands. She lives with her grandchild; her children have already moved to their own homes. Her ... More from Vilma Gladys'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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