Maria Del Carmen
Update on Maria Del CarmenMaría decided to continue working through loans because she needs more capital for her business selling tamales. She will purchase products such as beans, oil, corn, firewood, and condiments that are necessary for their production and sale. María believes the loans have helped to strengthen her business. With her purchases she has continued selling her tamales, and the profits help her family.
Ella considera que los préstamos le han ayudado a fortalecer el negocio, con lo necesario ha trabajado en su venta de tamales, de las ganancias ayuda a su familia.
Previous Loan DetailsMaría is requesting a new loan to buy the materials with which she makes her tamales, such as corn, beans, firewood, and oil. These are necessary to continue carrying out her business. She considers that with the previous loan she managed to stabilize herself and helped her child in everything… More from Maria Del Carmen'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