Zoila Del Carmen
Update on Zoila Del CarmenThe need arises for Zoila to take out a new loan so that she can invest in her pig-raising business. This will allow her to buy pigs, and feed concentrate for fattening them.
The previous loan helped her to increase her inventory and obtain more income. Her economic situation has improved, while her family circumstances remain the same.
El crédito anterior le ayudo a incrementar sus inventarios y obtener más ingresos; las condiciones económicas han mejorado mientras que las circunstancias familiares se mantienen.
Previous Loan DetailsZoila needs to invest in her business, so she is applying for a new loan which will allow her to buy concentrated feed for her pigs. In addition she will buy two pigs. This will allow her to maintain her farm. She says that the previous loan helped her to improve her income, at the same time as… More from Zoila 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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