Update on Alba LelyAlba needs a new loan because she needs more working capital. This will allow her to buy fruits and vegetables such as apples, grapes, oranges, tomatoes, chillis and onions, as well as beans, cheese, corn and more.
Alba's last loan helped her to improve her business and generate more income through sales. Her financial situation and family circumstances have improved.
El crédito anterior le ayudo a tener mejoras en el negocio y más ingresos por las ventas que se realizan; las condiciones económicas y las circunstancias familiares han mejorado.
Previous Loan DetailsAlba is 45 years old and resides in the municipality of Jucuapa, Usulután Department. She lives with a partner and has 3 children aged 22, 18, and 15, who are economically dependent on her. Alba sells vegetables and fruit. She began the business 20 years ago and runs it by herself, working f... More from Alba Lely'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