Update on ApolinariaApolinaria needs new financing for her tortilla and tamale business in order to aquire corn and wood. She also needs some condiments which are necessary for her to continue the business.
The past loan allowed her to buy materials for her business and manage to paint another part of her house. Her home is currently doing well, her business is stable, and she is always preparing any type of products for sale.
Con el préstamo anterior le permitió comprar materiales para su negocio y alcanzo otra parte para pintar su casa, actualmente está bien en su vivienda, su negocio es estable, siempre preparando cualquier tipo de productos para la venta.
Previous Loan DetailsApolinaria sells tamales, milk curd and cheese. She lives with her two grandsons. She is dedicated to her business of selling various products. She sells chicken tamales two times a week and sells milk curd and cheese from her home every day. She is currently requesting a loan to buy milk for ... More from Apolinaria'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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