Update on Ana MercedesAna is requesting a new loan because she needs more capital to continue investing in her chicken business. This will enable her to buy more chickens and concentrated feed so that she can sell the birds later.
The loan she is requesting will help to strengthen her business. With the profits, she will be able to help her family with the household expenses. Her financial condition and family circumstances will also improve.
El crédito que requiere le ayudara a fortalecer el negocio y con las utilidades ha logrado aportar a su familia con los gastos del hogar; las condiciones económicas y las circunstancias familiares han mejorado.
Previous Loan DetailsAna believes that these loans have helped her strengthen her business, so she is requesting a new one so that she can invest in her poultry business. She will use the money from this loan to buy chicks and vitamins so that she can raise them properly and so they can generate income for her in the… More from Ana Mercedes'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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