Raquel De Jesus
Update on Raquel De JesusRaquel is requesting a new loan because she needs to continue investing in her business selling pupusas [stuffed handmade corn tortillas]. This will help her to buy everything she needs for making pupusas, including the following: oil, tomatoes, cabbage, quesillo [a soft cheese], meat, chicharrones [seasoned, fried pork skin], and others.
The previous loan allowed her to increase her clientele. She invested the earnings in her basic household expenses. Her economic conditions have improved, and she added a new member to the family.
El crédito anterior le permitió aumentar su clientela y sus utilidades las invirtió en los gastos básicos del hogar; las condiciones económicas han mejorado y aumento un miembro en la familia.
Previous Loan DetailsRaquel is 26 and lives with her in-laws. She has a business selling pupusas, which she started 6 years ago with her husband. She learned from her mother how to make the pupusas. She is seeking a loan so that she can buy the ingredients she needs in order to make the… More from Raquel De Jesus'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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