Update on Hilda ConsueloHilda has decided to ask for a new loan in order to have electricity installed at her home. The funds from this loan will be used to pay for the installation of electricity.
Her previous loan helped her grow her business and she was able to offer her customers more products, and this was a big help keeping her clients and increasing her sales.
El préstamo anterior le sirvió para fortalecer el negocio y ofrecer a los clientes más productos, así como fue una gran ayuda para mantener a la clientela y mejorar las ventas.
Previous Loan Details40 year-old Hilda lives in Jucuapa, in Usulután department, with her husband and two children aged 8 and 2. Hilda set up a grocery store in her home where she serves throughout the day. She is currently requesting a loan to buy oil, sugar, detergents, beans, toilet paper and other products whic... More from Hilda Consuelo'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.
About Housing Loans
Many poor families cannot afford housing that meets their needs. When you make a housing loan on Kiva, you give people access to flexible capital to obtain or improve their homes. Better housing means better health, sanitation, and even educational outcomes for children. A house can also be much more for entrepreneurs who run businesses out of their homes. In this way, housing and small business loans on Kiva share a common purpose: to alleviate poverty and enable families to enjoy more stable lives.
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Success!! The loan was 100% repaid