Update on FloribeliaFloribelia requests a new loan to buy to buy fabrics, clasps, zippers, buttons and threads, and vitamins and food for livestock. This will help her have all the necessary materials to continue working as a seamstress, as well as to improve the conditions of the cattle which she owns. The previous loan helped her to improve her financial situation. She has more demand for her services, and with her new income she has improved her family's conditions and purchased cattle.
El préstamo anterior le ayudo a mejorar su economía, tiene mayor demanda de su servicio, con sus nuevos ingresos ha mejorado las condiciones familiares y ha comprado ganado.
Previous Loan DetailsFloribelia is requesting a new loan because she needs to obtain a better funding. This will allow her to buy more raw materials such as fabric, zippers, thread, and buttons and also to maintain her machines. Her previous loan helped her buy supplies for her business and maintain her machines.... More from Floribelia'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.
About El Salvador
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Success!! The loan was 100% repaid