Update on SantosSantos needs to invest in her business. Therefore, she has applied for a loan to buy products for her pupusería and for her general store. A pupusería is a store which sells pupusas, a type of tortilla filled with cheese, meat, or beans. She needs to buy rice, oil, sugar, salt, and condiments, which are necessary both for her store and for making the tortillas.
She has strengthened her business and her earnings, and until now she has been able to cover her home expenses. She is better off financially, and with the help of this loan, she will be in a better position.
Él fortaleció el negocio y sus ganancias, hasta el momento se ha permitido tener lo necesario para cubrir los gastos del hogar, esta mejor económicamente y con la ayuda del crédito se encuentran en mejor estado.
Previous Loan DetailsSantos, age 56, lives in her own home with four sons. She has run a store for more than ten years. She has her business set up at a local institution. This came about by her own initiative and with the help of her husband. She is asking for a loan to invest in merchandise for the store. She wil... More from Santos'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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