Update on RosaRosa seeks more capital to provide for the ease of purchasing 12 bushels of corn which will help her to continue working without limitations for a time in the business of selling tortillas. For Rosa, the previous loans have been of great benefit because her sales are better, she has new customers and her economic situation has greatly improved. This has allowed her to give a better life to her family and pay off her debts.
Para Rosa ha sido de mucho beneficio el crédito que se le facilito anteriormente, pues sus ventas son mejores, tiene nuevos clientes y su economía ha mejorado en gran medida, lo que le permite dar un mejor estilo de vida a su familia y cancelar sus deudas.
Previous Loan DetailsRosa has made up her mind to continue working in the business of selling tortillas, for that reason she is seeking a new loan to invest in the purchase of corn, wholesale, to get a better price and to be able to continue working. She believes that with the help of her previous loan, she was a... More from Rosa'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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