Update on Maria NicolasaMaría has decided to apply for a new loan. She plans to use the support from the loan to increase her production of tortillas, and to purchase corn, gas, lime and firewood. These materials will allow her to have everything ready to make tortillas.
Her previous loan helped her to purchase materials for keeping up her business and allowed her to increase her sales to help her generate more income.
El préstamo anterior le permitió comprar los materiales para mantenerse en el negocio, cambiando sus ventas, porque son más favorables y le generan más ingresos.
Previous Loan DetailsMaria is 45 years old and resides in Concepcion Batres, Usulutan department, with her husband and 24-year-old daughter. Everyone in the family works and helps with the household costs. Maria makes and sells tortillas. She began this business owing to the need to work, and alongsiD. her daugh... More from Maria Nicolasa'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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