Update on Orquidia MarisolOrquídia needs a new loan to continue with her tamale sales. She will purchase corn, beans, and firewood, which are what she needs to make tamales. This makes it possible for her business to continue.
With the previous loan, Orquídia was able to improve her business and help her family. She has a daughter of five months and is happy to have a new member of the family.
Con el préstamo anterior Orquídia ha logrado mejorar el negocio, ayudando a su familia, tiene una hija de cinco meses, se encuentra feliz de contar con un nuevo miembro en el hogar.
Previous Loan DetailsOrquídea sells chicken and bean tamales. She’s married and lives with her husband; she does not have children. She started the business a year ago with her husband but her mother-in-law was who taught her. She works every day of the week from 7am until 5pm. She is asking for a loan at prese... More from Orquidia Marisol'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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