Update on CristinaCristina is requesting a new loan so she can invest it in paying young men to gather the harvest and maintain the corn mill she owns. It will help her to give her clients good service and gather the harvest for her house in less time.
The previous loan helped Cristina to improve her production and fight pests, which made her clients happy. Her future earnings will enable her to pay off her loan and improve her family’s lifestyle.
Para Cristina el crédito anterior le ayudo a mejorar la producción, combatir las plagas,con lo que sus clientes se encuentran satisfechos, sus nuevos ingresos le permiten cancelar sus cuotas y mejorar el estilo de vida familiar.
Previous Loan DetailsCristina lives with her husband and adult children. The home in which they reside is their own. Cristina is a homemaker, but she also works with her husband and children in growing corn and cassava. She has been farming for 15 years, but she also raises livestock. At the moment, Cristina... More from Cristina'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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Success!! The loan was 100% repaid