Update on Maria TeodoraMaría lives in the city of Granda. She tells us that she is very thankful to receive this Kiva loan which will help her buy more beauty products to sell. Her business needs more stock in a variety of personal products. She is very happy to receive this loan and feels supported. She is seeking a loan to buy hair care products, umbrellas, and various cosmetics. If she offers a bigger selection, she will attract more clients and increase her income so that she can grow her business.
Previous Loan DetailsMaria lives in Granada and is a businesswoman who works selling cosmetics. She started her business with her own capital and the support of her husband 30 years ago. She sells her products in her own stall that she has in the market and she also has raffles to help with additional income for ho... More from Maria Teodora'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