Update on Claudia ArelyClaudia says that her past loans have helped her to generate new income. She needs a new loan to continue investing in making pupusas [stuffed tortillas] and selling soft drinks.
This investment will help her to buy corn, fresh cheese, loroco [an edible flower from El Salvador], pork rinds, and other items.
Claudia says that her last loan was helpful, because she managed to stock up on primary materials for her work and increase her sales. Her family circumstances remain the same, while her economic conditions have improved since her revenues are positive.
Cuenta que el crédito anterior le fue favorable, ya que logro surtir la materia prima para la actividad que realiza y aumentaron las ventas. Las circunstancias familiares se mantienen mientras que las condiciones económicas han mejorado porque los ingresos son positivos.
Previous Loan DetailsClaudia needs a new loan. Her previous loan was very helpful because it allowed her to buy household appliances and she now needs this one to make pupusas to make money. This investment will allow her to buy the raw materials she needs, such as meat, cheese, loroco, pork rinds, bags, oil,… More from Claudia Arely'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