Update on Maria ConcepcionMaría is asking for a new loan so that she can continue to invest in her business. This will let her purchase the most important goods such as corn, beans, soda, and juices, among others.
Her previous loan helped her to increase her earnings, and she invested the profits in her home expenses. Her economic situation has improved, now that her children continue to stay in school and her family's circumstances have been improved.
El crédito anterior le ayudo a incrementar sus ganancias y las utilidades las invirtió en gastos del hogar; las condiciones económicas han mejorado, ya que los hijos continúan estudiando y las circunstancias familiares se han optimizado.
Previous Loan DetailsMaría is asking for a new loan to strengthen her business. This time she will buy corn to resell because she thinks it will earn her money. María's previous loan helped her buy other food products for her business. She now hopes that this new loan will help her improve in the same way. More from Maria Concepcion'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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Success!! The loan was 100% repaid