Update on Maria MagdalenaMaría is requesting a loan in order to buy raw cashew nuts as a means of continuing her business. This will enable her to buy nuts since she has few resources. As a result, she will improve her available inventory and expect to obtain a good price.
María says that her previous loan helped her to accomplish many things, such as buying nuts and establishing the start of a good credit record. Her family has not experienced any problems. Her wish is to make gradual improvements to her home.
Manifiesta que con el préstamo anterior se le facilitaron las cosas, se compro semillas, esto le abrió las puertas con un record bueno en créditos, en su familia no ha atravesado ningún problema, su deseo es mejorar poco a poco su vivienda.
Previous Loan DetailsMaria sells cashew nuts. She lives with her three children and her husband. She has been selling cashew nuts for many years in this family business, which up to now has provided sufficiently for household expenses. She will use her loan to buy nuts, which will help her to increase the quantity of… More from Maria Magdalena'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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