Update on Rosa Isela34-year-old Rosa Isela is an entrepreneurial, respectful woman who has a business selling Siberia style tostadas and tacos. She tells us that her business is doing very well.
Rosa Isela used her previous loan to set up a small business selling toys over the Christmas period. She says that sales from this type of business are only strong over the Christmas period. She says that, in spite of the fact that she has only been in business for 6 months, she already has repeat customers who tell her that her tostadas are very tasty and who recommend her to others. She is very happy with her business as it allows her to provide for her family. This business is the only source of income for her children: 3-year-old Isela and 7-year-old Julio.
Rosa Isela has plans to buy another cart for selling steamed tacos. It is for this reason that she is requesting this loan. She will buy a cart for selling steamed tacos in the morning. In the afternoons, she will continue selling her Siberia style tacos and tostadas. Rosa Isela is grateful for the support she is receiving and plans to pay back her loan in 10 months with the profits that she makes from her business.
Previous Loan DetailsRosa is a very hardworking person who works selling products and toys. In this way, she has gotten through day by day, and has succeeded in getting her baby, who turns 2 years old today, ahead. She is requesting the loan from Credituyo, since she hopes to carry out the purchase of products an... More from Rosa Isela'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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