Update on Alma MurielAlma requests a new loan because she needs more working capital to continue investing in her business. It will make it possible for her to buy gas, firewood and corn, among other products needed to carry out her activity.
The previous loan generated increased profits. She succeeded in paying off some debts she had as well as in covering her household expenses. Her economic conditions and family situation have improved.
El crédito anterior le genero aumento en las ganancias, logro cancelar algunas deudas que poseía y asimismo cubrir los gastos del hogar; las condiciones económicas y las circunstancias familiares han mejorado.
Previous Loan DetailsAlma needs to invest in her business, so she is requesting a new business loan to buy the ingredients needed to make tortillas, such as corn, firewood, gas and plastic bags. In this way, she will always be able to retain her customers, and her earnings will grow each day. Her previous loans... More from Alma Muriel'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