Update on Rosa LinaRosa is in need of another loan because she needs more working capital to invest in raising farm animals. A loan will allow her to buy pigs in order to fatten and later sell them.
The effect of the previous loan was favorable; it helped her to grow and obtain a higher income. Her familial circumstances and their economic situation have improved.
El efecto del crédito anterior fue favorable, ya que le ayudo a crecer y obtener mejores ingresos; las circunstancias familiares y las condiciones económicas han mejorado.
Previous Loan DetailsRosa is asking for a new loan in order to buy pigs. She would like to increase her stock. This new loan will allow her to buy more pigs. She will then be able to improve her customer service. Rosa is improving the conditions for her family. They will be more financially secure, which is something… More from Rosa Lina'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