Update on Maria UrsulaMaría needs money to be able to invest in her business, which has experienced a strong demand. She needs to buy plantains, oil, and firewood. This will help María to be able to improve her business and be available to make her sales.
With the previous loan, she strengthened her business and increased her potential sales. Thanks to the loan from Kiva, she has improved her financial conditions. In her family, everyone is doing well.
Con el préstamo anterior fortaleció el negocio, aumento las posibilidades de venta, gracias al crédito de Kiva ha mejorado sus condiciones económicas, en su familia todos se mantienen bien.
Previous Loan DetailsMaría is asking for a new loan because she wants to invest, once again, in her business, reinforcing it with a greater variety of products to fill her sales space. She will buy green plantains to be fried, the oil that is necessary for this, and the firewood that will serve to let her cook her… More from Maria Ursula'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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