Update on Emelin MorenaThe people who visit Emelin Morena's grocery store leave satisfied because they find everything that they need from basic grains, condiments, footwear and toilet paper, even body creams and hair dyes. The micro financing organization Kiva Mi Crédito plays a fundamental role in her life. A large part of her business's success is due to them because they have supported her with the necessary capital.
Emelin is a visionary women and wishes to continue investing in her grocery store. She plans to purchase a display case to show off more of her merchandise, and a freezer to sell beverages, ice and all types of meats. She returned to enlist Kiva Mi Crédito's support with the goal of obtaining capital for this project that will generate great earnings.
Emelin es una mujer visionaria y desea continuar invirtiendo en su pulpería. Planea la compra de un exhibidor, de esa forma mostrará más productos y un freezer, para vender bebidas, hielo y todo tipo de carnes. Ella volvió a recurrir al apoyo de KIVA Mi Crédito con el fin de conseguir capital para este proyecto que le generará buenas ganancias.
Previous Loan DetailsEmelin is from León. She is the owner of a small grocery store, which has been growing bit by bit thanks to the support she has received in the form of the Kiva loan, which was very important. She used her first loan to buy basic grains, cooking oil, sugar, corn, and wheat. This helped her to vary… More from Emelin Morena'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