Maria Teresa De Jesus
Update on Maria Teresa De JesusA new investment opportunity has presented itself to Maria, which is why, through a new loan, she will strengthen her business for the upcoming season. She will be toys, clothing and umbrellas - the merchandise that she sells daily in the market.
She says that the previous loan increased her business. She acquired more products and got better profits on her sales. Her economic conditions have improved.
Manifiesta que el préstamo anterior le incremento su negocio, adquiriendo mas productos para obtener mejores beneficios por las ventas, sus condiciones económicas se mantienen mejor.
Previous Loan DetailsMaría is a small business owner. She is 24, single, and lives with her parents and siblings. She sells clothing, toys, umbrellas, and other merchandise. She has been in business for three years, working Monday to Saturday. She is applying for a loan in order to buy articles of clothing, such ... More from Maria Teresa De Jesus'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