Update on Maria NelisMaría is requesting a new loan because she needs more operating capital in order to continue investing in her business. This will enable her to buy a variety of clothing such as boxers, shirts, blouses, skirts, trousers, shoes, and other items.
Her previous loan helped to increase her profits. As a result, her financial condition and family circumstances have improved.
El crédito anterior le ayudo a aumentar sus utilidades; las condiciones económicas y las circunstancias familiares han mejorado.
Previous Loan DetailsMaría is seeking a new loan so that she can continue operating her business. She will buy ointments for different illnesses and also purchase clothes in the latest styles. She will also repair the ceiling in her home. This loan will be used for a variety of her current needs and will help her to… More from Maria Nelis'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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