Update on Dora ConcepcionDora is in need of a new loan to use as work capital for her grocery store, as she wants to offer her customers more products. This investment will help her buy staples such as beans, oil, eggs, sugar, condiments, detergents, etc.
She used the previous loan to strengthen her business. Her profits have gone to the family so the household economic conditions have improved.
El crédito anterior le ayudo a fortalecer el negocio y con las ganancias ha podido aportar a su familia, las condiciones económicas y las circunstancias familiares han mejorado.
Previous Loan DetailsDora needs to strengthen her business so has decided to request a new loan. Besides, she’s received good attention from the staff at the institution. She believes that the prior loan was of great help to her to strengthen the business and continue to provide good service to her customers. She… More from Dora Concepcion'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.
About El Salvador
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This loan has been fully funded!