Update on Ana MariaAna has decided to ask for a new loan because she is about to start a new field of corn and beans. In order to do this she needs to rent the land, which is how she will apply the money from her loan. This will allow her to have for certain the place where she will cultivate. The previous loan served her very well, since she purchased the fertilizers for the cultivation that she is harvesting by deadline. She is a client with a record of credits.
El préstamo anterior se sirvió mucho, ya que compro los insumos para el cultivo que esta realizando en aquella fecha, ella es cliente con record de creditos.
Previous Loan DetailsDoña Ana is a woman who is devoted to farming and managing a store. She is 61 years old and lives with her 38 year old son in San Rafael Oriente in the Department of San Miguel. Doña Ana is currently planting corn and her store has been in existence for five years. She manages both businesses ... More from Ana Maria'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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