Update on Flor MarinaFlor is ready to prepare her business for her customer demand over the Christmas holidays and she is asking for another loan to buy fruits and vegetables so she can offer a variety to her customers.
She used the previous loan to increase her inventory and attracted more customers, increased her sales and income and made it possible to continue supporting her children’s studies as well as pay off her debts.
El préstamo anterior le permitió incrementar su inventario, atrajo más clientes, sus ventas aumentaron, sus ingresos son mejores lo que le facilita seguir apoyando a sus hijos en los estudios y cancelar sus deudas.
Previous Loan DetailsFlor opted for a new loan to increase business because demand increases in the approaching season. She will buy tomatoes, chilies, onions, papaya, pineapple and grapes, among others. This new investment will give Flor the security to continue selling. She managed to keep a strong business with… More from Flor 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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