Update on Ernestina GuadalupeErnestina, who makes her living in agriculture, is presented with the need to apply for a new loan. This is an opportunity and important economic resource to increase the agricultural harvests and other activities. This investment will help her to buy 600 pounds of fertilizer to fertilize 16 plots of land measuring 69.03m² each, which she has already planted. It will also pay for labor to clean all of the undergrowth.
Thanks to her previous loan, the corn and bean harvests increased. This helps her a lot given that she has not had to buy corn or beans but instead has been able to sell them to pay back her loan. Her economic conditions have improved because the investment has generated income to support her family. She also made a change to her home, adding a bedroom and kitchen to her house.
Gracias al crédito anterior aumentaron las cosechas de maíz y frijol, esto le ayudo mucho debido a que no ha necesitado comprar maíz ni frijol sino que por el contrario a vendido para cancelar el crédito. Las condiciones económicas han mejorado porque la inversión le ha generado ganancias para apoyar a su familia, también realizo cambio en su vivienda, agrego una habitación y cocina a su casa.
Previous Loan DetailsErnestina would like a new loan because since the first time that Kiva offered her a loan, her finances and family life have improved. This allows her to buy corn, flour, oil, butter, sugar and salt among other products that she needs to make quesadillas and sell them, and also buy two medium-si... More from Ernestina Guadalupe'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