Update on Rosa FidelinaRosa is a merchant by trade. She is married and lives in Granada. She is very thankful for the positives change that she had with her first Kiva loan. The funds allowed her to stock her small general store with various products, buy basic grains at a better price and thus, sell them and make them even more accessible to her customers. She also sells medicinal plant-based products. The demand for new products has grown and now she has more customers and she needs to supply her store with more products. For this reason, she needs funding to purchase sugar, oil, juice, toilet paper, canned milk, meat, and condiments. With the profits, she will be able to pay the loan, improve her family’s finances, and prioritize her child’s education.
Previous Loan DetailsRosa lives in Granada. She is a 48 year old married merchant She started this business when she was 37 years old. An opportunity presented itself with a friend who had a small store in her house and who was travelling to the United States with her husband. She asked her to take care of the house… More from Rosa Fidelina'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