Update on VictorinaVictorina continues investing in her fruit and vegetable sales business as well as in the store, so she is opting for a new loan. With it, she will purchase beverages, basic grains, snacks, bread, eggs, oil, tomatoes, onions, cabbage, avocados, watermelons, melons, oranges, and similar items, with which she hopes to keep her customers very satisfied.
With the help of the previous loan, she has kept her business running, having earnings that are useful for covering her household expenses and making her payments on time. Currently, she has opened a basic household products store.
Con ayuda del financiamiento anterior ha mantenido su negocio funcionando, teniendo ganancias que son de utilidad para cubrir los gastos de su hogar y mantener su puntualidad en el pago de sus cuotas. Actualmente ha realizado la apertura de una tienda de productos básicos para el hogar.
Previous Loan DetailsVictorina is someone who is well known in her community. She currently lives with her partner and has two adult children. She runs a business selling fruit and vegetables and works from 7am to 4pm. She has been doing this with her husband for 53 years. She learnt the business through economic nec... More from Victorina'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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About El Salvador
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