Leticia Del Carmen
Update on Leticia Del CarmenLeticia decided to get another loan because she wants to buy ingredients to make more bread to sell. She'll buy flour in bulk, sugar, firewood, leavening, eggs, and other products she needs to continue doing her job.
She says she had a positive experience with the previous loan. It helped her strengthen her business more. Her family situation is the same.
Con el préstamo anterior ella comenta que su experiencia fue positiva, ayudándole a fortalecer más el negocio, sus condiciones en la familia se mantienen.
Previous Loan DetailsLeticia is requesting a new loan. She feels that her business is improving through the loans. It allows her, through this financial resource, to buy at a better price and to buy the materials in bulk. This time she will buy flour, cooking oil, firewood, sugar, lard, yeast, and other material... More from Leticia Del Carmen'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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