Update on BartolaBartola decided to apply for a new loan to strengthen her business of making and selling hammocks, and she also needs part of it for her daughter's graduation. She will buy thread, hemp, rope ties, and needles to make hammocks.
She states that the loans have permitted her to grow in her business. With her earnings and because of the work, she has also made improvements in her home. Her children are in school. Thanks to the loans, she is bettering herself.
Ella manifiesta que estos préstamo le han permitido crecer en su negocio, tambien con sus ganancias y por el trabajo ha realizado mejoras a la vivienda, sus hijos se encuentran estudiando, gracias a los créditos ella está superando.
Previous Loan DetailsBartola needs the help of another loan as she wants to buy items such as canvas and needles to continue her work making hammocks in different colors and sizes. It is this trade that provides the income for her home. The previous loan helped her to buy materials to make the hammocks, leading to… More from Bartola'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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