Update on Blanca NellyBlanca decided to request a new loan because PADECOMSM provides an easy payment process. She is also in need of operating capital. The loan will help her to buy compost, herbicides, pesticides, fungicides, insecticides, and corn seeds so that she can generate a crop.
The previous loan had a regular effect since she did not achieve the harvest that she had hoped. Her financial condition improved since she was able to increase her tortilla sales.
El crédito anterior tuvo un efecto regular, ya que no logro sacar la cosecha que espera; las condiciones económicas han mejorado, ya que incremento la venta de tortillas.
Previous Loan DetailsBlanca has decided to request a new loan because she is about to begin her agricultural labor with her family. She will buy supplies such as fertilizer, herbicide, and improved seed to have everything ready and begin the planting. She considers that the previous loan helped her a lot. Her cr... More from Blanca Nelly'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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Success!! The loan was 100% repaid