Update on Luisa EmiliaLuisa, 55, expresses her gratitude for the opportunity of her first Kiva loan that she used to buy all the raw materials needed to prepare her delicious food since her orders have increased and she has a few more customers. She used her first loan to buy chicken, rice, oil and vegetables. But her main priority is to expand the business to meet customer demand and needs a second loan to buy basic grains, firewood, rice, chicken, tomato, potatoes and onions. Her goal is to grow as a successful businesswoman.
Previous Loan DetailsLuisa, 54, is a merchant; she sells food, an activity she’s done since she was very young. When she used to sell from place to place she’d go to shopping centers, squares and neighborhoods to sell blended fruit drinks and enchiladas. Today she has an eatery where people can treat themselves to ... More from Luisa Emilia'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