Update on Rosa AntoniaRosa came to us because she needs a new loan. She needs more working capital in order to continue with her work in making and selling pupusas (a traditional Salvadoran dish made of a thick, handmade corn tortilla and filled with cheese, pork, or beans). This loan will help her buy the ingredients that she needs like flour, rice, corn, cheese, oil, chicharrón (pork cracklings), gas, and more.
Rosa says that her previous loan helped her increase the income from her business and to improve her inventory. Her economic situation has also improved and her personal circumstances have remained the same.
Comenta la Sra. Rosa que el crédito anterior le ayudo a incrementar los ingresos y optimizar sus inventarios. Las condiciones económicas han mejorado y las circunstancias familiares se mantienen igual.
Previous Loan DetailsFifty-three year old Rosa is married. She has two daughters, both of whom are studying at university and who depend on Rosa financially. Rosa makes and sells stuffed tortillas. She works in the afternoons from Tuesday through to Sunday and her daughters help with the business. She has five ye... More from Rosa Antonia'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