Update on Amelia EstelaAmelia needs a loan so that she can buy meat, corn, beans, vegetables, rice, and beverages in order to improve the menu in her restaurant and increase the number of customers. She also wants to keep her loyal customers happy by continuing to provide great service.
With her previous loan she purchased the ingredients she needed to make different plates that she sold in her restaurant. Her sales increased, she paid off debt, and her economic situation stabilized. She can now provide her family with better sustenance, health, and clothing.
Con el préstamo anterior adquirió los ingredientes necesarios para elaborar los diferentes platillos que vende en su comedor, sus ventas aumentaron, cancelo deudas, y su economía se estableció. Da a su familia una mejor alimentación, salud y vestuario.
Previous Loan DetailsAmelia has found the need to request another loan because she requires more working capital to continue investing in her business. This will allow her to purchase necessary ingredients, such as tomatoes, onions, hot peppers, fish, chicken and other items. The previous loan was a big help to her b... More from Amelia Estela'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