Update on Maria ErmelindaMaria is asking for a new loan to buy corn, firewood and other materials. This will let her continue her business making food products, which until now has allowed her to meet her needs.
With this loan she wants to buy firewood and corn wholesale, because she will get a better price. The risk in her business is that when she sells on credit it can be difficult to recover payments.
Her last loan allowed her to increase her productivity and earnings.
El credito anterior le permitio incrementar la productividad y las ganancias.
Previous Loan DetailsMaria is applying for a loan that she will use to support her food business. She will buy maize, firewood, condiments, vegetables and the other supplies she needs to make the products she sells: sopa de puya and chilate. She tells us that a past loan helped her to improve her business and, in… More from Maria Ermelinda'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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