Update on Maria SusanaMaría needs to invest in her tortilla business. This is why she is applying for a new loan to buy the materials that allow her to sell: corn and firewood. This money will be used to buy these materials wholesale.
She comments that her business has gone well, and that the loans have served to improve her sales. Thanks to Kiva, she is in better shape, because her family is doing well.
Ella comenta que en su negocio le ha ido bien, que le han servido los préstamos para mejorar sus ventas, gracias a Kiva se encuentra en mejor condición, porque su familia se encuentra bien.
Previous Loan DetailsMaría would like a new loan to invest in her tortilla business. She will buy corn and firewood so that she can keep her business running and produce her tortillas more easily. Her previous loan produced positive results for her business which, in turn, improved her household finances. She has… More from Maria Susana'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