Update on Ana DaysiAna is requesting a new loan because she needs more working capital in order to continue investing in her business. This will allow her to buy chicken, soda, juice, oil, and other products.
Her previous loan helped her to increase her inventory of merchandise. Her income increased and she used it to finance her children's studies. Her economic conditions and her family's circumstances have improved thanks to her Kiva loan.
El crédito anterior le ayudo a incrementar el inventario de mercadería, aumento en los ingresos y estos los utiliza para financiar el estudio de sus hijos; las condiciones económicas y las circunstancias familiares han mejorado gracias al préstamo otorgado por Kiva.
Previous Loan DetailsAna needs to invest in her business, so she is requesting a loan so that she can buy chicken, oil, condiments, and seasoning cubes. The loan will give her the capacity to sell more fried chicken on a daily basis. Ana says that her previous loan enabled her to make a large purchase, which h... More from Ana Daysi'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 El Salvador
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Success!! The loan was 100% repaid