Update on MortilaMortila decided to request a new loan because she needs more operating capital to continue her business of buying and selling tortillas. She also manages a store. This investment will help her to buy corn, rice, sugar, beans, firewood, and other supplies to strengthen her business.
With her previous loan, Sra. Mortila said that she was able to improve her business and use the profits to help her family. She wants to provide assistance to her family and grow in her business.
Con el crédito anterior menciona la Sra. Mortila que le permitió mejorar su negocio y con las utilidades ha logrado ayudar a su familia. Desea brindarle ayuda a su familia y crecer en su actividad.
Previous Loan DetailsMortila has recently decided to apply for another loan, since she wants to continue to strengthen her business by purchasing basic consumer products, so that she can offer a greater variety to her customers. She will buy products such as: rice, beans, sugar, cooking oil, instant coffee and… More from Mortila'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