Update on Morena MarisolMorena used her previous loan to stock up her business with seafood. This provided enough to supply customers and restaurants that make larger orders. Morena now has higher earnings. Morena's family is the same as before, and Morena has paid off her debt.
Morena is applying for this loan in order to buy fish. shrimp, shellfish and other seafood in order to continue with her business and to generate an income to pay for necessities.
Está solicitando capital para comprar pescado, camarones, conchas entre otros mariscos, para mantener la continuidad de su negocio y seguir generando ingresos necesarios para subsistir.
Previous Loan DetailsMorena sees an opportunity to invest in the purchase of fish, shrimp and shellfish that will help her to vary her business, satisfy her clients' needs, and increase her sales. With her previous loan, Morena increased her merchandise which allowed her to better attend her clients, increase her… More from Morena Marisol'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