Maria Del Socorro
Update on Maria Del SocorroMaria's business is making and selling tortillas. The previous Kiva loan she received allowed her to buy raw materials to improve her tortilla production; and she is very grateful for that opportunity.
Now she wants to make more tortillas and plans to use a new loan to buy corn, firewood and lime wholesale. This is so she can get a better price on the raw materials and keep prices low for customers. She also wants to renovate her humble kitchen and improve her household income.
Desea producir más tortillas y es por eso que usara el crédito para comprar maíz, leña y cal al por mayor pues así conseguirá un mejor precio por la materia prima y mantendrá los precios a su clientela. Además ir mejorando su humilde cocina y los ingresos para su hogar.
Previous Loan DetailsMaría, a simple and humble woman who works in trade, makes and sells tortillas. She lives in the city of Granada, is married and has 5 children. Because of her husband’s low wages and the shortage of employment, she looked for a way in which she could generate some income to pay for her household... More from Maria Del Socorro'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
- Repayment Term
- 11 months (Additional Information)
- Repayment Schedule
- May 15, 2013
- Jun 5, 2013
- Currency Exchange Loss:
- Feb 17, 2014
Photo from previous loan
Kiva allows our Field Partners to re-use the same photo for individual borrowers that have been posted on Kiva's website once before in a 24 month period, and we allow them to re-use group photos for up to 24 months, provided that 80% of the current group's membership is represented.
Taking, collecting, and uploading photos of borrowers is one of the most challenging elements of using Kiva for our Field Partners. In order to make Kiva easier for Field Partners to use, we have allowed them to post successive and concurrent loans without taking a new photo of the borrower if the criteria above are met.