Update on Carolina ConcepcionCarolina has decided to keep investing in her business, and she plans to buy meat, corn, cheese-filled tortillas, beverages, gas and firewood, as well as chairs for her customers. This loan will help her to continue in her business making pupusas and pizza.
She reports that with her previous loan she was able to increase her inventory and her production, and as a result she was able to serve more customers. She has been able to maintain her family's standard of living.
Ella comenta que su experiencia con el crédito anterior le ayudo a incrementar sus inventarios y obtener una mejoría en su producción, ya que así ha atendido a mas clientes, en su familia sus condiciones se mantienen.
Previous Loan DetailsCarolina lives with her husband and she has two children. Carolina runs a food activity, preparing and selling “pupusas”*, pizzas and bread. She has been engages in this activity for two years and she works in the evenings Tuesdays to Sundays. She is requesting a loan to buy a grill, meat, flour... More from Carolina Concepcion'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