Update on Nilma LisethNilma has decided to get a new loan with which she will buy cement, iron, sand and brick. These materials will repair the pig pen, to boost pig raising.
Nilma improved the livestock, and her financial situation is stable thanks to the support she has received in the form of loans. The new profit is spent on covering household expenses, paying her debts as well as buying piglets to start a new line of work.
Nilma mejoro la ganadería, ha estabilizado su situación económica gracias al apoyo que recibe por medio de préstamos, las nuevas ganancias son invertidas en cubrir los gastos de su hogar, cancelar sus deudas y además compro cerditos para iniciar un nuevo rubro.
Previous Loan DetailsNilma is married and lives with her dependent daughter. Nilma raises cows and sells their milk, a trade she learned from her parents. She works from 6:00 a.m. to 10:00 a.m. and from 2:00 p.m. to 5:00 p.m. She has applied for a loan to buy two calves to produce milk, an investment that will inc... More from Nilma Liseth'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