Update on Maria DaysiMaría decided on a new loan because she believes that they help her business. She will again buy products to prepare snacks like bread and tamales. For this, she needs to have oil, lard, seasonings, flour, eggs, yeast, and other very important products.
With the previous loan, she was able to invest in her business, which enabled her to achieve greater profitability. She claims that that loan has helped her greatly, as things have been going well. She has plans to buy a corn mill in the future, since her finances have improved with the loans.
Con el préstamo anterior logro invertir en el negocio, con lo que pudo obtener mayor rentabilidad en el negocio, manifiesta que el crédito le ha ayudado mucho porque le ha ido bien, tiene el plan a futuro de comprar un molino de nixtamal, ya que con los prestamos sus condiciones han mejorado.
Previous Loan DetailsMaria lives with her family, is a housewife, and sells snacks. She is asking for a loan to grow her business, continue it, and offer her products. She will buy corn, condiments, cooking oil, and feed for her pigs. She expects this to be a good investment and for her to be a good client as with… More from Maria Daysi'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