Update on Maria NelisMaría is seeking a new loan so that she can continue operating her business. She will buy ointments for different illnesses and also purchase clothes in the latest styles. She will also repair the ceiling in her home. This loan will be used for a variety of her current needs and will help her to improve her business.
Her previous loan had a positive effect as it helped her to improve and stabilize her family's economic situation. She reports that when she has economic support, her business will continue to grow, and she will have the tools she needs in order to bring her family a better life.
Como el préstamo anterior tuvo un efecto positivo ya que mejoró y estabilizó su situación económica en la familia, ella manifiesta que mientras tenga un apoyo económico, su negocio continuará creciendo y tendrán las herramientas para mantener a su familia en una calidad mejor.
Previous Loan DetailsMaría sells clothes and medicine. She lives with her husband and her child. Her parents are also dependent upon her. The income from these businesses helps her to cover the household necessities. She will use the loan to buy blouses, underwear, and children’s clothes. She will also buy med... More from Maria Nelis'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