Maria Del Carmen
Update on Maria Del CarmenMaría has decided to request a new loan to buy stock in order that her business can operate better. She will invest in the purchase of sodas, juices and snack food, as well as other stock which help her meet demand.
Her experience with the last loan was that she was able to strengthen her business and so buy food for her children. She also improved her economic situation with the last investment. For that reason, she hopes that this new finance will lead to improvements.
Ella tuvo su experiencia con el préstamo anterior, le permitió tener más fortalecido el negocio, pudiendo comprar a sus hijos la alimentación, ha mejorado su economía con la inversión anterior, por eso espera que este nuevo financiamiento tenga un efecto de mejoría.
Previous Loan DetailsMaría lives with her husband and six-year-old daughter. She manages a store where she offers basic necessities. María and her husband worked together to establish this business because they decided to start generating income.
She is currently requesting a loan to buy sodas, snack food,… More from Maria Del Carmen'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