Update on Olga MarinaOlga has seen that making good use of the loans like she’s done with her previous one leads to good results with respect to profits. She has more customers and she’s expanded the business. She needs capital to buy basic staple goods (rice, beans, oil, etc.)
Olga’s family conditions have changed greatly. She’s able now to offer her children more support. Thanks to her business’ profitability she was able to face a health problem one of her daughters had which has now been overcome and it also didn’t keep her from making her loan payments.
Para Olga las condiciones familiares le han cambiado en gran medida, hoy les brinda más apoyo a sus hijos, gracias a la rentabilidad de su negocio pudo enfrentar un problema de salud que tuvo su hija, el cual ya fue superado y no le impidió cumplir con el pago de sus cuotas.
Previous Loan DetailsOlga is asking for a new loan because her business has provided a great opportunity for growth. She will use the money to buy primary needs products such as rice, cooking oil, sugar, coffee, and other things. She says that she has had a change in business and the previous investment provided… More from Olga Marina'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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