Update on Marta GloriaTo buy more cashew nut seeds, Marta is seeking a new loan because she feels an investment is necessary to increase the availability to sell, and with this purchase, she will increase her sales to her customers.
The previous loan had a positive effect on Marta as she stocked the business with more seeds, with the aim to continuing sales to generate more income. In this period of change in management, her family has carried on steadily with life in a new area.
Con el préstamo anterior ella obtuvo un efecto positivo, ya que surtió el negocio de más semillas, con el objetivo de permanecer en las ventas para generar más ingresos, en su familia se han mantenido bien, en este periodo cambio de Dirección, viviendo en un nuevo lugar.
Previous Loan DetailsMarta is willing to continue selling cashew nuts. That's why she has made the decision to opt for another loan in order to purchase more raw cashew nuts and therefore keep herself in business. She reports that the previous loan was very useful, since it allowed her to grow in her business. In… More from Marta Gloria'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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