Update on Ernestina GuadalupeErnestina would like a new loan because since the first time that Kiva offered her a loan, her finances and family life have improved. This allows her to buy corn, flour, oil, butter, sugar and salt among other products that she needs to make quesadillas and sell them, and also buy two medium-sized pigs to raise them and then sell them.
The previous loan helped her to acquire pigs, which she later sold and this alone has generated earnings to pay back the loan. She has also been able to offer daily meals to her family and her children continue to study. The family is in the same group, but has optimized their standard of living.
El crédito anterior le ayudo a adquirir cerdos, los cuales posteriormente los vendió y esto mismo le ha generado ganancias para ir cancelando el crédito, también ha logrado brindarle alimentación diaria a su familia y los hijos continúan estudiando, la familia se mantiene el mismo grupo pero si, se han optimizado las condiciones de vida.
Previous Loan DetailsErnestina has decided to take out a new loan because she believes these loans to be very good for investing in her business. They represent a good opportunity to grow her business. Ernestina will buy concentrated feed for two pigs that she currently owns as summer is approaching and the… More from Ernestina Guadalupe'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