Update on Mayra MagalyMayra decided to get a loan because she needs to invest in production supplies for her business. Through this she will purchase supplies like oil, corn, fire wood, spices, cheese, and cooking gas, among other things that are necessary to continue making her sales.
With the previous loan she was able to increase her production output. She has been able to do everything necessary so that her family's financial situation will continue to improve. She is very grateful for these loans as they have made her more solvent.
Con el préstamo anterior logró crecer en elaboración de los productos, ha logrado tener todo lo necesario para que sus condiciones económicas en la familia continúe mejorando, está muy agradecida con estos préstamos pues le han dado una mejor solvencia.
Previous Loan DetailsMayra sells pupusas (stuffed corn tortillas). She is single and lives with her parents. She was the taught this business by an aunt. Currently she works out of her home. She has customers, and her parents support her at all times. She needs to buy materials for making pupusas. That's why she is… More from Mayra Magaly'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