Update on RosaRosa has made up her mind to continue working in the business of selling tortillas, for that reason she is seeking a new loan to invest in the purchase of corn, wholesale, to get a better price and to be able to continue working.
She believes that with the help of her previous loan, she was able to improve the well-being of her family, and her source of income for her livelihood has been better. She aspires to continue working, since she comments that her sales have been more abundant.
Ella considera que con la ayuda del crédito anterior, logro mejorar el bienestar en la familia, su fuente de ingresos para la subsistencia han sido mejor, su aspiración es continuar trabajando, pues comenta que sus ventas han sido más abundantes.
Previous Loan DetailsRosa is seeking a new loan to strengthen her business, since she thinks this money is important for her tortilla-making enterprise to grow. She will buy a large quantity of corn and firewood in order to have a reserve stock. She says she decided to ask for this loan because of the success of… More from Rosa'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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