Update on ModestaModesta needs to buy oil, corn, flour, and more to make different appetizers. She realizes that good use of funding creates positive changes like better income, satisfied customers, and business growth. The improvement in her finances has made her family's living conditions better, and they have better nutrition and health.
Debido a las mejorías que ha tenido en su economía, ha podido mejorar las condiciones de vida de su familia, tienen mejor alimentación y mejor salud.
Previous Loan DetailsModesta lives in San Felipe Corinto in the Morazán region. She is 40 years old and lives with her parents, who she supports with income from her business. For the last 8 years she has made quesadillas and “pupusas” (corn tortillas stuffed with meat and cheese), a skill which she learned from h... More from Modesta'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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