Update on Santos EstelaSantos is giving unconditional support to her partner to meet the basic needs of his family. She does this with the profits she generates from selling shellfish, which she continues to do thanks to the help of the previous loan.
She needs capital again to buy fish, prawns, conches, and other molluscs so she can offer fresh and better-quality products to her clients.
Nuevamente requiere de capital para comprar pescado, camarones, conchas y otros moluscos, así ofrecer productos frescos y de mayor calidad a sus clientes.
Previous Loan DetailsSantos is asking for a loan to strengthen her business buying fresh seafood like fish, scallops and shrimp to strengthen the business and meet customer demand; she hopes to get good results with the present investment and to be able to make her payments well. The previous loan helped her to… More from Santos Estela'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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