Update on Rosa AlbaRosa decided to take out a new loan because she needs working capital in order to have the money for the rent of the land on which she grows corn and beans.
She continues working the land. She believes that these loans help her to buy supplies to care for the crops. She hopes to support herself in this way in order to help her family and to be able to provide her children with what they need to continue studying.
Ella continua trabajando la tierra, considera que estos préstamos le ayudan a la compra de insumos para el cuidado del cultivo, espera mantenerse así para ayudar a su familia y poder proveer a sus hijos lo necesario para continuar estudiando.
Previous Loan DetailsRosa’s requesting a new loan to reinvest in her corn and bean crops. She will use the borrowed funds to buy manure and herbicide to apply to her bean and corn crops when they are planted which will help to strengthen the plants and prevent any damage that might occur; this will help her future h... More from Rosa Alba'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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