Update on Santos MarisolSantos requests a new loan to invest in the sale of pupusas*. For this she considers it necessary to make an investment in oil, tomatoes, sauces, cabbage, corn, condiments, and other products for the preparation of the pupusas.
She says that her experience with the previous credit was to improve her business and have greater capacity for sales. With the profits she has excelled in meeting her commitments at home, making improvements in her economy.
*[A traditional Salvadoran dish made of thick, hand-made corn tortilla filled with a blend of either cheese, vegetables or meat]
Ella manifiesta que su experiencia con el crédito anterior fue mejorar el negocio, tener más capacidad para la venta, con las ganancias ha sobresalido en este tiempo con los compromisos del hogar, dándole mejoras en su economía.
Previous Loan DetailsSantos is single, she lives with her mother and a brother in her own house and she has been engaged in selling pupusas* for five years. She inherited the activity form her mother, she is very experienced in her job and she has many customers. She is requesting a loan to buy gas tanks, oil,… More from Santos Marisol'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