Update on CarlotaCarlota has a large demand for her pottery products, for which it is necessary to have a well-supplied inventory to continue working. She will invest the capital that she is requesting in the purchase of mud, clay, nacazcol (a black dye), firewood, labor costs, and the transportation of merchandise.
The previous loan has served as backup to continue working. She has been able to increase the number of clay pieces, she has more customers, and her family is maintaining a more dignified lifestyle.
El crédito anterior le ha servido de respaldo para seguir trabajando, ha logrado aumentar el número de piezas de barro, tiene más clientes, su familia mantiene un estilo de vida más digno.
Previous Loan DetailsCarlota is asking for a new loan because she needs financing in order to invest in her pottery business. This will make it possible for her to buy clay, firewood, nacazcol [a black dye], and pottery and to pay transportation and labor costs, among other expenses. Her previous loan made it… More from Carlota'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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This loan has been fully funded!