Update on Aida MargotAida needs a new loan in order to buy sheet metal that she will use to remodel her kitchen and avoid further damage this winter. She will use the other part of the loan to buy corn, flour, yeast, oil, chicken, vegetables, charcoal, firewood, etc. to prepare bread, tamales, and tortillas for sale. Aida has been able to maintain her business with the help of a previous loan. Her finances are better and she made her payments on time.
La señora Aida ha logrado mantener su negocio funcionando con ayuda del préstamo anterior, su situación económica es mejor y cancelo con puntualidad sus cuotas.
Previous Loan DetailsAida has decided to request another loan to continue working in her business selling bread and tamales. She will invest in buying firewood wholesale. The effect she had with the previous loan was very positive; her sales increased and the new income has allowed her to start educating her… More from Aida Margot'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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This loan has been fully funded!