Update on Lorena IsabelLorena Guerrero lives in Granada and makes and sells pastries and her business is growing. She is grateful to Kiva and MiCredito because the loan helped her increase her production. She is asking for a new loan to buy flour, eggs, sugar, powdered sugar, and other things so she can increase her production. She estimates that this loan will be helpful and that she will be able to meet her customer demand.
Previous Loan DetailsLorena is a housewife, and also operates a business selling pastries and birthday cakes. She is married and has one son. She studied to become a teacher and started down that career path, but when her mother died, she did not have anyone to care for her son while she was away at work. By baking a... More from Lorena Isabel'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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