Update on Thelma ElizabethThelma is requesting more capital in order to buy cattle for grazing. This would allow her to continue investing in her business so that she can improve her income. As a result, she would be able to cover her family’s needs and repay the new debt.
The previous loan helped to increase her herd of cattle. Her family’s circumstances have remained steady, but her financial situation has undergone positive change. In addition, she has maintained a good credit record.
El financiamiento anterior le ayudo a incrementar el ganado, las circunstancias familiares se mantienen, su situación económica ha cambiado positivamente y ha mantenido su buen record crediticio.
Previous Loan DetailsTelma has requested a new loan in order to buy calves to raise for food, which will provide a template for continuing to grow her business and improving her family living conditions. The previous loan helped her to strengthen her business and improve her income, which allowed her to meet her… More from Thelma Elizabeth'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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