Update on Dalia MarisolDalia needs to apply for a new loan because she needs more working capital. It will make it possible for her to buy raw materials to make ‘pupusas’ [grilled, filled corn cakes] and to buy tables and chairs for customer service.
Her previous loan had a favorable effect in that she managed to overcome the crisis and the loss of her husband; economic conditions and family circumstances remain the same.
El efecto del préstamo anterior fue favorable, ya que logro salir de la crisis y pérdida de su esposo; las condiciones económicas y las circunstancias familiares mantiene igual.
Previous Loan DetailsDalia is requesting a new loan to be able to invest in the business and also to make some improvements to her home. She will invest specifically in the purchase of corn, condiments, fried pork, oil and drinks. She will also invest in the improvement of the floor of her house, installing bricks.… More from Dalia Marisol'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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