Update on Maria CristinaMaría sells tamales and she is in need of an increase in her working capital for her activity. For this reason she is requesting a loan to buy corn, beans, firewood and other items she needs to have in stock to prepare her tamales in order to continue carrying out her activity.
Thanks to the previous loan María has succeeded in strengthening her activity, and she has been able to help her family with the money she has earned. She keeps on selling her products on a daily basis, providing for her family with her income.
Maria, gracias al préstamo anterior fortaleció su negocio y con las ganancias a podido ayudar a su familia, ella sigue con su venta todos los días y manteniendo a su familia de sus ganancias.
Previous Loan DetailsMaría is 66 years old and lives in San Miguel with her husband, son, and granddaughter. She works selling tamales and vegetables, a trade which she learned from her mother. She started the business out of her own initiative and she has worked every day from 5am to 4pm for the past five years.… More from Maria Cristina'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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