Update on Maria AngelaMaría is requesting a new loan because the loans are a good economic resource for growing her pig raising business. This will allow her to buy two pigs, one for butchering and the other for raising. She will also buy feed.
With the previous loan, she increased her earnings from the business. Her family’s living conditions have improved; with the income she earns from her business she contributes to her family for food and other things, and also helps with future projects.
Con el crédito anterior ha aumentado las ganancias en el negocio. Las condiciones familiares han mejorado, ya que por los ingresos que obtiene en el negocio aporta a su familia para la alimentación u otros y optimizar proyectos a futuro.
Previous Loan DetailsMaría is seeking a new loan so that she can buy three pigs for butchering. She will also buy feed for the animals. This loan will enable her to maintain a considerable number of pigs on her farm and thus be able to continue to work as a butcher and to sell meat. With the previous loan she was… More from Maria Angela'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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