Update on Rachel EdithRachel is in need of another loan because she needs more working capital in order to continue investing in her business selling food. This will allow her to buy meat, chicken, corn, firewood, rice, vegetables, and other things.
Her previous loan helped her to increase her income and her financial conditions and family life have improved.
El crédito anterior le ayudo a generar aumento en los ingresos; las condiciones económicas y familiares han mejorado.
Previous Loan DetailsRachel runs a small eatery. She lives with her husband and two children, ages 15 and 11. Rachel's business was inherited by her mother. She has been working there for 11 years, and her hours of business are from 7:00am to 5:00pm, Monday to Sunday. Now she is applying for a loan to build a… More from Rachel Edith'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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