Update on AlejandraAlejandra, originally from the city of Leon, is the mother of 2 children. She is a merchant, dedicated with great effort to making and selling tortillas. Alejandra is grateful to Kiva and Micredito because through their loans, she has improved the infrastructure of her business, augmented sales, and increased her earnings.
Alejandra is requesting a new loan to purchase at wholesale the principle products needed for making tortillas, including corn, powdered lime, and bags, among other items. She wants to meet customer demand. Alejandra believes this loan will help increase her income and expand sales, guaranteeing her family a better quality of life.
Previous Loan DetailsSra. Alejandra is a simple woman, 34 years old, and a native of Léon although she now lives in Managua. She has two children aged 5 and 11. She earns her living selling tortillas, a business she has owned for more than twelve years. Alejandra started her business using money that her husband gave… More from Alejandra'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