Update on Maria DelmyMaría’s requesting a new loan because she needs more working capital to stock the store. This one will make it possible for her to buy basic staples like sugar, salt, beans, oil and soap, among others.
The previous loan helped her strengthen the business and income has increased; she invested it in her children’s schooling. Her economic conditions and family circumstances have been optimized.
El crédito anterior le ayudo a fortalecer el negocio y sus ingresos han incrementado, los invirtió en el financiamiento del estudio de sus hijos; las condiciones económicas y las circunstancias familiares se han optimizado.
Previous Loan DetailsMaría is asking for a new loan because she wants to invest in her business by bolstering the inventory of the store she set up. This will allow her to offer her customers better service and it will allow her to keep what they want in stock. She will buy sugar, oil, pastas, snack foods, soap, an... More from Maria Delmy'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