Update on Maria HerminiaMaría is applying for a new loan to strengthen her business by purchasing more of her customers' most requested items: rice, beans, and oil, among others. She used the previous loan to make improvements to her house, which provided her family with a better space and allowed her to set up a store from which she could earn income.
Con el préstamo anterior considera que ha mejorado la reparación de la vivienda esto ha beneficiado tambien a su familia, contando con un lugar más adecuado, ha instalado una tienda de la cual logra obtener sus ganancias.
Previous Loan DetailsMaría, thanks to the services of our institution and with the plan of improving her home, has requested a new loan for the purchase of sheeting, iron and cement to repair her roof and some walls. This investment will help her family to have better living conditions. The previous loan helped... More from Maria Herminia'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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