Update on MartaMarta needs to apply for another loan in order to continue investing in the sales of her store and 'pupusa' [stuffed corn tortilla] shop. The loan will help her to buy soft cheese, fried pork rind, oil, cabbage, tomatoes, and other products needed for preparing foods.
The previous loan helped her to strengthen her business, increase her profits, and thus she has been able to support her family with the household expenses. The economic conditions and circumstances of the family have improved.
El crédito anterior le permitió fortalecer el negocio, aumentar sus ganancias y con estas ha apoyado a su familia con los gastos del hogar; las condiciones económicas y las circunstancias familiares han mejorado.
Previous Loan DetailsMarta’s asking for a new loan to strengthen the business because she feels that a new investment in supplies like soft-drinks, rice and cheese, among other products is necessary to meet customer demand in her store and ‘pupusa’ [stuffed, grilled corncakes] shop. The previous loan helped her to... More from Marta'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