Imelda Del Carmen
Update on Imelda Del CarmenImelda needs a new loan because she needs to invest more in her business of selling pupusas [Salvadoran stuffed tortillas]. This will help her to repair the place where she sells the product, and to buy corn, oil and everything necessary to make pupusas.
The previous loan allowed her to improve her sales and increase her inventory. Her family circumstances have been optimized and economic conditions have improved, since her house is more furnished.
El crédito anterior le permitió mejorar sus ventas e incrementar sus inventarios; las circunstancias familiares se han optimizado y las condiciones económicas han mejorado, ya que tiene más amueblada la casa.
Previous Loan DetailsImelda decided to get a loan to continue investing in her business, by buying tomatoes, cabbage, meat, flour and firewood, among other products that are useful for her business to function better. She had positive results with her previous loan. It helped her to increase her inventory to have… More from Imelda Del Carmen'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