Update on CarlotaCarlota is asking for a new loan because she needs financing in order to invest in her pottery business. This will make it possible for her to buy clay, firewood, nacazcol [a black dye], and pottery and to pay transportation and labor costs, among other expenses.
Her previous loan made it possible for her to buy raw materials for winter and she used that material to produce items almost the entire year so the loan was of great help to them.
The nuclear family persists and economic conditions are stable. One of her children has advanced in his studies since he’s now in the fourth year at university and for them it’s a dream that he completes his professional training.
El crédito anterior le permitió comprar materia prima para la época del invierno con ese material se elaboró producto durante casi todo el año, por lo que el crédito es de gran ayuda para nosotros.
El núcleo familiar se mantiene y las condiciones económicas son estables; uno de sus hijos está avanzado en el estudio porque lleva cuarto año en la universidad para ellos es un sueño que su hijo termine la carrera.
Previous Loan DetailsCarlota is requesting a new loan to purchase raw materials. She also regards these loans as a great source of help in the growth of her business and contributing to her children's education. She will buy wood, clay, nacazcol seeds and pay for transport. She would also like to build a hut to shelt... More from Carlota'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