Update on Maria TeodoraMaria, who lives in Granada, is a businesswoman. She is one of our best members. She sells cosmetics, umbrellas, hair products, etc. A previous loan has made a positive change in her business. She has been able to sell more and she has more products to sell. She is thankful for the confidence that the lenders have in her. Today she is asking for a loan in order to buy cosmetics, perfumes and umbrellas. Mother’s Day is coming up and sales during this time are very good. She doesn’t want to miss this sales opportunity.
Previous Loan DetailsMaría lives in the city of Granda. She tells us that she is very thankful to receive this Kiva loan which will help her buy more beauty products to sell. Her business needs more stock in a variety of personal products. She is very happy to receive this loan and feels supported. She is seeking a… More from Maria Teodora'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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