Update on Ada IsabelAda is a Kiva borrower. She is 58 years old and mother to five children, all of whom are now adults. Ada is married and a businesswoman who makes a living selling many corn-based products such as tortillas. She also provides a flour grinding service.
Ada says that her first Kiva loan was a great help to her as she was able to buy the material she needed to make the tortillas, such as corn, firewood and more. Ada is very proud because the business is making a profit every day.
So, because of this, Ada is today applying for her second loan to buy construction materials such as quarry rocks, bricks, sand, cement and zinc sheets to improve the place where she has her flour grinder. This will help her to make a better income.
Ella dice que su primer crédito Kiva le fue de gran ayuda ya que pudo comprar toda la materia prima que necesitaba para la elaboración de sus tortillas como maíz, leña, etc.Se siente muy orgullosa porque este negocio le genera ganancias a diario.
Es por eso que hoy en día esta solicitando de su segundo crédito para comprar materiales de construcción como piedras canteras, bloques, arena, cemento, laminas de zinc con el propósito de mejorar la infraestructura del lugar en donde tiene su molino Con el objetivo de obtener mejores ganancias
Previous Loan DetailsAda lives in the city of Managua, and is a single mother with five children. She operates a small business making and selling tortillas, and she started the business with only two pounds of corn. As she began making more and more tortillas, her neighbors kept demanding more, too. She then realized… More from Ada Isabel'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