Update on Maria LuisaMaría is requesting a loan because she needs to add new products to the inventory of her store, thus generating more orders this season. The money will allow her to buy more cookies, bread, sodas, other types of beverages, and basic household products.
Her previous loan enabled her to buy necessary products for her store so that she could provide for her family. The conditions of her home have improved and her wish is to buy a house so that they will have better stability.
El préstamo anterior le permitió realizar compras de los productos necesarios para la tienda y aportar para su familia. Las condiciones del hogar han mejorado y su deseo es comprar su casa para que puedan tener una mejor estabilidad en su hogar.
Previous Loan DetailsMaría is requesting a new loan to invest it in her activity. She will buy basic necessities such as pastas, toilet paper, personal hygiene products, rice and sugar, as her inventory has decreased and these are products her customers need and request more often. She says her previous loan has been… More from Maria Luisa'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