Update on Blanca IsabelBlanca needs a new loan because she needs more working capital to continue investing in her business; this will allow her to buy cashew nuts to sell to her customers.
The previous loan helped her to strengthen her business and she improved her earnings, which she uses to support her family. The economic conditions and family circumstances have improved.
El crédito anterior le ayudo a fortalecer el negocio y obtuvo mejores ganancias, con las cuales apoya a su familia; las condiciones económicas y las circunstancias familiares han mejorado.
Previous Loan DetailsBlanca has decided to request a new loan in order to be able to buy more cashew nuts to sell since it is now the new season for the production of cashews. This loan will be be a great contribution, allowing her to obtain the raw nuts at a low cost, process them and sell them. As demonstrated… More from Blanca Isabel'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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