Update on Marta AliciaMarta is requesting another loan so that she can buy vitamins, creams, calcium, etc to stock up her inventory and pay some bills. Martha used the previous loan to buy a variety of medicines, which enabled her to increase her sales, attract more customers, improve her finances, pay off her debts, and give her shop a better appearance.
Martha invirtió el crédito anterior en un una variedad de medicamentos, que le dieron la pauta para aumentar sus ventas, atraer más clientes y mejoro su economía, cancelo sus deudas, su local tiene una mejor imagen.
Previous Loan DetailsMarta is requesting a new loan to continue investing in the business thus increasing her inventory of medicine since it makes it possible for her to generate income. This will help her buy vitamins and syrups, among other types of medicine to provide better customer service. Her previous loan… More from Marta Alicia'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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