Maria De La Paz
Update on Maria De La PazMaría seeks a new loan to invest in her enterprise by buying firewood and corn, as these will allow her to increase production of tortillas for her business. She feels that micro loans have allowed her to prosper and grow, allowing her to better satisfy her clients. She used a former loan to stock products in her store.
Ella considera que es a través de estos préstamos como ha ido superándose, ampliando y creciendo en la atención a los clientes, el prestamo anterior lo utilizo para la compra de productos para la tienda.
Previous Loan DetailsMaría sells tortillas and manages a shop. She lives with her husband and 2 children. She has had the business for 4 years and with it has managed to contribute towards the household expenses. Cuirrently, she is asking for a loan to buy merchandise for the store such as pasta, snacks, beverages... More from Maria De La Paz'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
- Repayment Term
- 17 months (Additional Information)
- Repayment Schedule
- Feb 14, 2012
- Mar 10, 2012
- Currency Exchange Loss:
- Nov 16, 2012
Photo from previous loan
Kiva allows our Field Partners to re-use the same photo for individual borrowers that have been posted on Kiva's website once before in a 24 month period, and we allow them to re-use group photos for up to 24 months, provided that 80% of the current group's membership is represented.
Taking, collecting, and uploading photos of borrowers is one of the most challenging elements of using Kiva for our Field Partners. In order to make Kiva easier for Field Partners to use, we have allowed them to post successive and concurrent loans without taking a new photo of the borrower if the criteria above are met.