Update on CatalinaCatalina needs to take out another loan because she needs more working capital to continue her business selling tortillas, cosmetics, and lotions. This will help her to buy corn, firewood, gas, creams, nail polish, and lotions, among other items.
The previous loan helped her to strengthen the business, and with the earnings she has succeeded in supporting her family. The financial conditions have improved and the family circumstances have as well.
El crédito anterior le ayudo a fortalecer el negocio y con las ganancias ha logrado apoyar a su familia; las condiciones económicas han mejorado y las circunstancias familiares asimismo.
Previous Loan DetailsCatalina is requesting a loan to buy supplies for her business selling tortillas. She will buy corn, firewood and propane gas, which she needs to prepare the products to sell. Because she can buy with cash, she will be able to acquire these supplies at a lower price. Catalina thinks that the… More from Catalina'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