Update on Berta MarinaBerta is in need of a new loan because she needs working capital so she can continue in her business and obtain better income. She will invest the loan that she needs in the purchase of ingredients and utensils so she can sell snacks; supplies include plantains, cassava, sugar, melon, containers, and others. This will permit her to earn profits to help her family.
Berta's economic conditions and family circumstances have improved thanks to the investment of the previous loan.
El préstamo que requiere lo invertirá en la compra de inventario y utensilios para asimismo vender boquitas tales como: plátanos, yuca, azucar, melon, cubetas, entre otros; este le permitirá adquirir utilidades para ayudar a su familia.
Las condiciones economicas y las circunstancias familiares han mejorado gracias a la inversion del credito anterior.
Previous Loan DetailsBerta wants to continue growing in the business and this is why she’s asking for a new loan to buy supplies for her refreshment stand like sugar, pineapples, melons and rice water, among other products to continue making her refreshments. The previous loan helped her have more variety in… More from Berta Marina'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