Update on Karla PatriciaKarla is requesting a new loan to continue with her tortillas business. She plans to purchase corn, firewood and propane to prepare the tortillas, allowing her to attract customers with the quality of her products. She says that the previous loan helped strengthen her business and the profits she earned helped her family. This business has grown and her children finished a year of school.
Manifiesta que el préstamo anterior le ayudo a fortalecer el negocio, ha tenido trabajo y con las ganancias ayuda a su familia, este negocio ha crecido y en su familia sus hijos culminaron un año de escuela.
Previous Loan DetailsKarla is requesting a new loan for her tortilla sales and sewing workshop businesses. She will buy firewood, corn and gas for the tortilla business, and sewing materials to make clothing in her tailor shop. This loan will give her economic resources so that she can invest in the better… More from Karla Patricia'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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