Update on Maria MagdalenaMaría needs to take out a new loan because she needs more working capital to continue working in her business. This loan will allow her to buy corn, sugar and other products she needs to make her sales.
María's previous loan helped her to improve her income and she has managed to use her profits to support her children in their studies. Her financial situation and family situation have both improved.
El crédito anterior le ayudo a mejorar sus ingresos y con las ganancias, ha logrado brindarle el apoyo a sus hijos en los estudios; las condiciones económicas y circunstancias familiares se han optimizado.
Previous Loan DetailsMaría is motivated by her business’ sales. She’s asking for a loan to buy materials to maintain production. She will buy corn, manioc, sugar, papayas, mangoes and watermelons, among others that are necessary for her to stay in business. She sells fresh fruit. Her objective is to avail herself… More from Maria Magdalena'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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