Update on Veronica PatriciaVerónica Patricia is requesting a loan so she can continue her work selling tortillas. This will allow her to buy corn and firewood, as well as other necessities, to make tortillas so she will have more materials on hand and be able to support her family with their expenses.
The previous loan helped her mprove her economic situation and family circumstances.
El credito anterior le ha ayudado, ya que las condiciones economicas y las circunstancias familiares han mejorado.
Previous Loan DetailsPatricia is 30 years old and engages in the preparation and sale of tortillas. She is married and lives with her husband who works as a mason. Her children are 11, 9, and 7 years of age. Patricia resides in the town of Jucuapa in the Department of Morazán. She learned the business from her mo... More from Veronica Patricia'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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