Update on Maria LeticiaMaría wants to buy more pigs for her business and remodel the farm buildings. She wil buy construction materials like cement blocks, sheet steel, cement, and wood for the pig pen. Her previous loan was a success; she bought pigs and now has 12 to fatten so that she can earn more income to support her family.
El efecto que tuvo con el préstamo anterior fue bueno, compro cerdos y ahora tiene en cuenta 12 en total para engorde, esto ha mejorado sus ingresos para los gastos familiares.
Previous Loan DetailsMaría is 24 years old. She lives with her husband and daughter, who is 3 years old. She manages a pig farm. She has been doing this for three years. She works full time in addition to running her household. She is asking for a loan to buy 4 pigs, to add them to the farm. This investment will… More from Maria Leticia'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.
About El Salvador
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Success!! The loan was 100% repaid