Margarita Del Rosario
Update on Margarita Del RosarioMargarita, who is 44, lives in her own home with her two children. She has been running a small shop in her home for a number of years. Her neighbours hold her in high esteem both as a businesswoman and as a person. Margarita wants to extend her business and so she decided to seek a loan to increase her stock. She is seeking the loan to buy a range of products such as corn, rice, oil, beans, sweets, drinks etc., which will enable her to boost her income and, in turn, provide better life chances for her family.
Previous Loan DetailsMargarita is 44 years old, lives with her two children in a house that she owns, and has made a living as a shop merchant for several years. The shop is located in her home which has been adapted in such a way that it gets the attention of the customers. In addition she sells tortillas, which s... More from Margarita Del Rosario's previous loan »
About Apoyo IntegralApoyo Integral (Apoyo) is a nonprofit organization offering financial products that enable clients to increase their working capital, purchase fixed assets, buy and remodel homes, expand agricultural business and more. The organization’s target group is businessmen and women who have already established their businesses but need financial support to strengthen or expand them.
Like Kiva, Apoyo is committed to empowering women involved in business activities in rural areas. Kiva lenders’ funds will be used to expand these services to an even greater number of poor clients in rural areas.
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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