Update on Elsi NoemiElsi, is in need of a new loan because she needs more capital to invest in her business. This will allow her to purchase chickens, pigs, and concentrate to fatten them.
The previous loans helped her to increase her income and she invested it in her household expenses. The economic conditions and family circumstances have improved thanks to the loan provided by Kiva.
El crédito anterior le ayudo a aumentar los ingresos y esto las invierte en los gastos básicos del hogar; las condiciones económicas y las circunstancias familiares han mejorado gracias al crédito otorgado por Kiva.
Previous Loan DetailsElsi manages her hog business and needs to buy two more pigs and three bushels of feed for them. She is asking for a loan that will allow her to make this investment and expand her farm. She wants to increase her income and feels that the loans will allow her to buy food, clothing, and other ... More from Elsi Noemi'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