Update on Marta LorenaMarta is requesting a new loan so that she can buy fresh seafood. Her sales are improving, so she will buy different types of fish. This will also give her more opportunities to continue her work.
Marta says that her previous loan helped to improve the condition of her business. She bought a variety of seafood so that she could take advantage of the current season. Her family’s condition also improved. Her wish is to have her own shop where she can continue working.
Con el préstamo anterior ella manifiesta que ha mejorado su condición en el negocio, esta comprando variedad de mariscos, para poder aprovechar la temporada, en la familia su condición ha mejorado, su deseo es tener local propio para seguir trabajando.
Previous Loan DetailsMarta is asking for a new loan to give her seafood business continuity and she also wants to invest in fruit. She will buy fresh fish, conchs, mandarins, oranges, mangoes and bananas hoping to have customer demand to earn profits on the loan. She states that her previous loan had positive e... More from Marta Lorena'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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