Update on Maria EsperanzaMaría, 70, is a grocery merchant. She’s married and the mother of two children. She’s from the city of León. She’s been working in commerce for ten years. The school term is approaching and she needs to stock her store with new food items as well as with school supplies. Because of this, she’s asking for a loan to buy notebooks, pencils, colored pencils, erasers, markers, cleaning supplies, basic grains and canned gods to sell in her store. Her goal is to gradually add more products that have high customer demand and convert her grocery store into a variety store.
Previous Loan DetailsDona Maria, 69, is from Leon. She operates a corner grocery. She has a sixth-grade education, is married and has 2 grown children, both living away from their mother. She started her business when she was 47 years old because she wanted her own income. Her husband and children helped her start… More from Maria Esperanza'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