Update on Maria CandelariaMaría is asking for a new loan that she’ll use to buy farming supplies because her husband is getting ready to plant corn and because María has a credit history the new loan will be in her name even though it will be used to buy manure and herbicides to help her husband and because this is an activity which, if the harvest is abundant in the end, it can be sold and generate income. She is happy to receive this support that helps her progress with her family.
Ella esta contenta D. recibir este apoyo ya que le ayudan a progresar con su familia.
Previous Loan DetailsMaria is a 53-year-old woman who earns a living running a general store. She lives in El Transito, San Miguel, with her husband and son. Besides running the store, she also raises chickens and prepares and sells tamales. She has been in business for six years. She now needs to invest money into… More from Maria Candelaria'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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