Update on Maria OrbelinaMaria has decided to request a new loan to stock-up her business. With the loan she intends to buy meat, drinks, grains, propane gas, fruit and vegetables, among other items.
Her previous loan benefitted her business. From the income she paid off debts, covered household expenses, bought medicine for her husband and paid off the loan. She has been able to keep herself in business thanks to the loans which have been granted to her when needed.
El préstamo anterior le sirvió para el negocio y de sus ingresos cancelar deudas y realizar gastos del hogar, compra de medicina para el esposo y pagar el crédito. Ha podido mantenerse en el mercado gracias a los préstamos que se le dan oportunamente cuando los necesita.
Previous Loan DetailsMaría is requesting a new loan to buy products for her business as she wants to stock her business and offer her customers more products. She will buy drinks (soda and juice), fruit, vegetables, seasonings, oil and meat for preparing her food, hamburgers and other products that her customers… More from Maria Orbelina'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