Update on FloribeliaFloribelia is requesting a new loan because she needs to obtain a better funding. This will allow her to buy more raw materials such as fabric, zippers, thread, and buttons and also to maintain her machines.
Her previous loan helped her buy supplies for her business and maintain her machines. Her workload increased and she was able to keep up while also earning the income she wanted.
Her home and financial situation have remained stable and there is a new child on the way.
Con el crédito anterior le ayudo a comprar insumos para el negocio y darle mantenimiento a las maquinas, aumento el trabajo y este no se acumuló, al igual se obtuvieron los ingresos deseados.
Las condiciones del hogar y económicas se mantienen estables, hay un nuevo ser que esta por nacer.
Previous Loan DetailsFloribelia is requesting a new loan for her business and plans to buy fabrics, zippers, buttons, thread, and also pay for maintenance for her sewing machines. These loans have been very helpful in growing her business. She believes the previous loan was very helpful because she was able to buy… More from Floribelia'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.
About El Salvador
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Success!! The loan was 100% repaid