Update on Ana MiriamAna needs more working capital to continue investing in her business selling pupusas, food and drinks. This investment will help her buy farmer's cheese, chicharrón, meat, chicken, seasonings, juices, sodas, candies and more.
The previous loan was favorable, since it helped her increase her sales and obtain positive income. Her family circumstances are the same and her financial conditions have improved.
El crédito anterior fue favorable, ya que le ayudo a aumentar sus ventas y obtener ingresos positivos; las circunstancias familiares se mantienen igual y sus condiciones económicas han mejorado.
Previous Loan DetailsAna earns a living selling corn tortillas stuffed with cheese, meat or refried beans. She is 48 years old and she lives with her 16 year old daughter. She has managed this business for 10 years now, selling corn tortillas and drinks. She works Monday to Sunday and her daughter helps her take care… More from Ana Miriam'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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