Update on Maria EstelaMaría needs more working capital to do her activity. That is why she is asking for a new loan. This will allow her to buy dyes, creams, nail polish, and other cosmetology products.
The previous loan helped her to increase her inventory and her sales. Her family's finances and circumstances have improved.
El crédito anterior le ayudo a incrementar el inventario y aumento en las ventas; las condiciones económicas y las circunstancias familiares han mejorado.
Previous Loan DetailsMaría is requesting a loan because she needs money to invest for this period of high demand. She will buy products such as dyes, crèmes, shampoo, and beauty treatments. María says that her previous loan helped to strengthen her business. She had more available products to offer and was ab... More from Maria Estela'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