Update on Maria EstelaMaria lives in Managua. She is married and works as a merchant, selling nacatamales. She benefitted from her first Kiva loan and used it to invest in her business. She also bought used clothing and costume jewelry to sell. She is grateful for the fist loan which allowed her to increase her income and get her business ahead. Now she needs this loan to buy glasses, plates, ladies' blouses creams, and cosmetics. All this is for mothers day, which is a good time to sell. Her goal is to open a used clothing store.
Previous Loan DetailsMaría Estela, 29, is a young married woman. She’s been selling nacatamales [Nicaraguan style tamales], ice and soft-drinks for the last four years. She’s from the capital, Managua. At the age of 25 she started selling chicha, a traditional beverage made from sweet corn. Then she started selling… 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.
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