Update on Martha MarielaMartha is from Pueblo Nuevo, Estelí. She owns a grocery store which she has been growing bit by bit. She used her first Kiva loan to stock her store and buy new products. She tells us that, as a result, she was able to gain more customers. She was also able to invest in buying new clothing to sell. Martha is requesting her current Kiva loan in order to buy clothing and to stock her store with products for Mothers' Day which is celebrated this month. A lot of her customers are requesting a variety of products to buy and she doesn't want to lose the opportunity to sell products and grow her business.
Previous Loan DetailsMartha is 34 years old and from Pueblo Nuevo, in the town of Estelí. She is married and has 3 children. Martha studied to be a business secretary. She owns a small store where she sells clothes and cosmetics. She has owned her business for 7 years. Martha started working in this business with… More from Martha Mariela'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