Update on María LicidaMaría is 75 years old and lives with her partner and children who help her with household costs. María sells tortillas and is well-known as they are the warmest and most delicious in town. María's business is near a school so she receives a lot of business at the end of the school day when parents come for something for their children. María is hard-working and always grabs a hold of the opportunities that she is given. She is applying for a loan from Integral to buy corn in bulk. María is confident that, as with previous loans, she will be able to make all her repayments and she has faith that, with hard work, she will be able to give her family a better quality of life.
Previous Loan DetailsMaria Licida, 74, lives with her partner and their children who help them with household expenses. Maria sells tortillas and is very well known because she sells the most delicious hot tortillas in the area. Her business is located near a high school, which means she has a lot of customers since ... More from María Licida'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.
About El Salvador
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