Update on Maria CleofeOnce again María is seeking a loan because she needs working capital. She plans to use it to buy drinks, candy, meat, corn, firewood, and propane gas.
She has been very pleased with the previous loan because it generated sufficient income so she could pay off her debts and pay for household and personal expenses. Her finances have improved greatly, and she is grateful for the help that these timely loans have provided.
Ha ella le fue de mucha satisfacción el préstamo anterior, porque genero ingresos para solventar sus deudas, gastos del hogar y personales. Ha mejorado de una forma notoria económicamente y agradece la ayuda que se le da con los créditos oportunos.
Previous Loan DetailsMaría has decided to request a new loan because her business is in need of merchandise and basic necessities. She will invest in the purchase of soft drinks, sodas, bags, candy, corn, and firewood that she can offer to her customers.
Her previous loan had a very important effect since it… More from Maria Cleofe'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