Update on Maria MilagrosMilagros is 30 years old, single, and does not have children. She has proven to be an independent and hard-working woman. Indeed, she has previously taken a loan with Edpyme Alternativa with the help of kiva to expand her business, demonstraing responsibility and punctuality. She now lives in her own house, which is located in the District of Tambogrande, Northern Peru. Milagros lives in the rural part of the district and does not receive basic services.
She sells cosmetics through catalogs. Milagros sells these products to her neighbors and friends. Every day she strives to attract more customers and generate more orders for her products so that she can earn a better income. This business helps her with covering her personal expenses and assisting her parents with the household finances. Indeed, thanks to the previous credit she is has has established a shop in her house and is now also selling beverages. Milagros wants to consolidate her business' new approach as a retail outlet for selling cosmetics out of her home. Hence, she is looking to take a loan of 3000 soles, to buy more cosmetics merchandise and bevarages.
Previous Loan DetailsMilagros is 29 years old, single, and does not have children. She lives at her parents’ house which is located in the village of Wiracocha in the District of Tambogrande, Piura. Milagros lives in the rural part of the district and does not receive basic services. She sells cosmetics through... More from Maria Milagros'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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