Update on Gicela MaritzaGicela needs to invest in her business of selling tortillas. Corn and firewood will be bought. She will pay for labor and as well as a griddle for making tortillas. This will help her by giving her business stability.
She comments that with the previous loan she succeeded in strengthening her business and grew her clientele by attending them in a better manner. In her family, the conditions have improved. So thanks to the Kiva loan, she finds herself working in order to provide what is necessary.
Ella comenta que con el préstamo anterior logro fortalecer el negocio, aumento su clientela, atendiendo de una mejor manera, en su familia las condiciones han sido mejor, ya que gracias al crédito kiva se encuentra trabajando para proveer lo necesario.
Previous Loan DetailsGisela needs to invest more in the business buying supplies to continue making tortillas like corn and firewood and it would help to buy it in larger amounts to have readily at hand. She had a positive effect with her previous loan improving her clientele and family income too; they are bett... More from Gicela Maritza'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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Success!! The loan was 100% repaid