Update on Maria NicolasaMaría is seeking a loan to invest in her business, so she can buy the materials she needs like corn, firewood, lime and gas. She can get low prices if she buys wholesale and in cash.
She feels that the prior loan allowed her to improve her business by buying supplies to continue making tortillas, and that she has maintained the family financially, managing to cover the most possible costs.
Ella considera que el préstamo anterior le permitió mejorar el negocio, comprando los productos para seguir elaborando las tortillas, en su familia considera que su económica se mantiene, ha logrado cubrir lo mas necesario.
Previous Loan DetailsMaría has decided to apply for a new loan. She plans to use the support from the loan to increase her production of tortillas, and to purchase corn, gas, lime and firewood. These materials will allow her to have everything ready to make tortillas. Her previous loan helped her to purchase… More from Maria Nicolasa'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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