Update on Rosa IdaliaRosa again strengthened her business so she is choosing to apply for another loan which she will use to buy seed, fertilizer, manure, pesticides, and insecticides to continue her cultivation of basic crops. She also will purchase chocolate paste, bananas, oranges, sugar, plastic bags, and more which are the materials she needs to make and sell chocolate-covered bananas and sweets.
With her previous loan she has seen much progress in her business. She now has good customers. Her family lives under better circumstances and she still has a good credit record.
Con el préstamo anterior ha progresado mucho su negocio, tiene nuevos clientes, su familia vive en mejores circunstancias y sigue teniendo un buen record crediticio.
Previous Loan DetailsRosa finds herself in need of requesting a new loan in order to buy chocolate, fruit, sugar, and to pay for labor. These will allow her to make different homemade products to sell as well as help harvest her crops. Her previous loan gave her the opportunity to strengthen the sale of her house as ... More from Rosa Idalia'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