Update on Blanca RosaBlanca is a merchant and a native of Isletas de Granada. She sells basic grains. She used her previous loan to purchase rice, sugar, beans and dog food. She is very grateful for the support from Kiva's financing. She currently has more customers, and demand for her products has grown. Blanca is a single mother who gets up everyday with the faith to give her children a better future by improving her business, since it is their only means of subsistence. She is requesting the loan to purchase rice and oil wholesale so she will get a better price. In this way she will be able to keep her prices stables and sustain her profit margins.
Hoy está solicitando el crédito para comprar arroz y aceite al por mayor pues conseguirá un mejor precio.De esta manera lograra mantener precios justo para poder sustentar las alzas.
Previous Loan DetailsBlanca, 34, sells basic grains. She’s married and has two children who are 10 and 5 years of age respectively. She is from Las Isletas located in Granada. She started out because of the need to earn income because what her husband earned was insufficient to support her household. She made... More from Blanca Rosa'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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