Update on CarmenCarmen is part of the Arco Iris [Rainbow] credit group which she likes because of the companionship and bond that exists in it. The loans help her expand in her business little by little and help improve the economic stability of her household in order for her family to get ahead. She lives in the community Tres Marías which belongs to the Turi parish in Cuenca. This parish is known as the “Mirador,” or Vantage Point. The local people work in agriculture, livestock farming and commerce.
Carmen is 36 years old. She lives in a common-law relationship and has a 3 year old child. Her husband works as a construction worker. The house they live in belongs to relatives.
Carmen works raising animals and also in agriculture, which are the activities that give her the opportunity to provide for her family.
She used her previous loan to buy animal,s and this new loan will be to buy chickens and pigs. Her goal is to have her own home.
La Señora Carmen tiene 36 años de edad, vive en unión libre y ha concebido un hijo de 3 años de edad, su esposo labora como albañil y la casa en la que vive es de familiares.
Doña Carmen se dedica a la crianza de varios animales y también a la agricultura, estas actividades le dan la oportunidad de salir adelante con su familia.
El dinero de su crédito anterior lo invirtió en la compra animales, su nuevo crédito lo va a invertir en la compra de pollos y cerdos. Su meta es tener su casa propia.
Previous Loan DetailsSeñora Carmen is part of the Arco Iris [Rainbow] credit group. She is currently taking her third loan alongside her friends and groupmates. She likes the group because of the companionship and bond that exists in it. She lives in the vicinity of the Turi parish in Cuenca. This parish is known as… More from Carmen'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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