Update on Clara MaribelClara needs a new loan because she needs more working capital to continue investing in her food business and in growing basic grains. It will make it possible for her to buy manure, herbicide, insecticide, pesticide and fungicide as well as to pay for the soil preparation.
Her previous loan was of much help at the time but production was affected by the scarcity of water. Her family circumstances have remained steady and she hopes to improve the economic conditions with this new investment.
El crédito anterior fue de mucha ayuda en su momento pero después la producción se afecto por la escases de agua; las circunstancias familiares se han mantenido y espera que con esta nueva inversión mejorar las condiciones económicas.
Previous Loan DetailsClara has decided to improve her business selling dinners and buy materials to plant corn and squash. She will buy firewood, gas, and other materials as well as fertilzer and seeds to plant the corn an squash. She says that with the previous loan she positively improved her business selling dinne... More from Clara Maribel'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.
About El Salvador
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Success!! The loan was 100% repaid