Update on Milagro GregoriaMilagro needs to get a new loan to continue investing in her business selling tortillas. This will help her buy the ingredients, such as firewood, corn, and gas.
Milagro says the previous loan helped her increase her sales and earn more income. Her economic situation has improved and her family circumstances are the same.
Cuenta la Sra. Milagro que el crédito anterior le ayudo a incrementar las ventas y obtener mayores ingresos; las condiciones económicas han mejorado y las circunstancias familiares se mantienen igual.
Previous Loan DetailsMilagro had the need to invest more in her business. That is why she is asking for another loan to buy corn, lime, and natural gas. She says that the previous loan had a big impact, because it helped her improve her income and her clientele grew. Her financial conditions have improved and she… More from Milagro Gregoria'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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