Update on AmadaAmanda is 48 years old and originally from the city of Esteli. She is married and is the mother of four children. She is a merchant who makes pizza and quesadillas and has done so for three years. She started this business by selling her items on foot, gained customers little by little, and was able to start her own business. Her husband and children help her deliver orders. She is grateful to Kiva and the loan has already helped her increase her sales and income and satisfy her customers’ needs. Her hopes for her business is to succeed in her sales and increase her income so that she can maintain a good quality of life. She is asking for a loan to buy ingredients such as flour, ham, cheese, salami, yeast, cooking oil, and other things. Her plans for the future are to buy fixed items such as tables, chairs, table cloths, stoves, etc. so she can provide complete quality service.
Previous Loan DetailsAmada is an unassuming, a forty-eight-year-old homemaker. She's originally from Estelí but now lives in Managua. She's married, the mother of four children, and sells meals for a living. Due to poverty conditions where she lived, she managed to complete only high school. She started a business… More from Amada'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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