Update on Carmen NoemyCarmen stocked her business with a variety of clothing items, and improved financially. These are positive results that she had from the use of her previous loan.
She is no longer employed, nowadays she works selling pupusas [stuffed tortillas] and garments. Her family enjoys a better diet, health and wardrobe.
She decided to get a new loan to continue improving her business. She will buy cabbage, tomatoes, seasoning, beverages, farmer cheese, pork rinds, corn, flour, oil, and new styles of clothing. She will have everything needed to continue generating income to get ahead..
Se decidió por un nuevo préstamo para continuar mejorando su negocio, comprara repollo, tomates, aderezos, bebidas, quesillo, chicharrón, maíz, harina, aceite y nuevos estilos de ropa, tendrá todo lo necesario para seguir generando los ingresos que necesita para salir adelante..
Previous Loan DetailsCarmen is 30 years old. She lives in Chilanga, in Morazán Department. She is single and lives at home with her parents. For six years Carmen has sold clothes. She goes from house to house offering the clothes, but for the moment she does this on Saturdays and Sundays, since she works Monday… More from Carmen Noemy'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