Update on Zonia MagdalenaZonia has decided to request another loan to buy oil, corn, flour, cabbage, chicken, pork cracklings, etc. which are the necessary ingredients to make pupusas (stuffed tortillas) and tamales to offer her customers.
The previous loan was used to buy raw materials for her business and she was able to increase her clientele, improve production and earn more profit. This allows her to fulfill her economic commitments and continue supporting her children in their education.
Con el crédito anterior compro la materia prima necesaria para su negocio, con lo que aumento su clientela, mejoro su producto, sus ganancias son mejores lo que le permite cumplir con sus compromisos económicos y seguir apoyando a sus hijos en sus estudios.
Previous Loan DetailsZonia lives with her children, ages 20, 25, and 30. They all depend on her business. She makes a living in making and selling tamales and stuffed tortillas. She carries out this activity every day, but only sells the tamales in the afternoon, when her children can help her. The loan that sh... More from Zonia Magdalena'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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