Update on Rosa LidyaRosa has decided to apply for a new loan to buy merchandise for the store as well as cashew nuts, which will be very important to stay in business. She will also stock the store with oil, detergents and snacks, as well as buy a water pump for the well.
She had a positive experience with the last loan. Her customers increased and her sales improved, allowing her to cover family costs. She also bought a corn mill to offer a new service and generate income.
Ella tuvo una experiencia positiva con el préstamo anterior, le mejoro el numero de clientes, sus ventas han aumentado, con esto ha logrado cubrir los gastos en la familia, también compro un molino de nixtamal para prestar un nuevo servicio y generar ingresos.
Previous Loan DetailsRosa is seeking a loan so she can continue developing her business. She will buy cashew seeds and non-perishable items such as sugar, beans, detergent, and soap. These would be for the shop that she has started since her last loan. The last loan has had a positive effect as she now has a new ... More from Rosa Lidya'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.
About El Salvador
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Success!! The loan was 100% repaid