Milagro De La Paz
Update on Milagro De La PazMilagro is asking for a loan to buy larger amounts of milk. This loan will help her have money needed to make periodic purchases and make products derived from milk like curd, cottage cheese and fresh cheeses. She believes that the previous loan helped her by giving her what was needed to make the business grow.
Ella considera que el préstamo anterior le ayudo dándole lo necesario para crecer en el negocio.
Previous Loan DetailsMilagro is 25 years old and single. She lives with her parents and her two brothers, and she works in processing and selling dairy products. She has been in this business, which she learned from her mother, for four years. The way she works is to first buy milk from neighboring cattle, she is ... More from Milagro De La Paz'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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