Update on Maria ConsueloMaría needs a new loan because she is in need of more working capital, which will enable her to buy everyday items such as broad beans, sugar, rice, cooking oil, and salt, among others. This investment will help her increase her sales and earn more with the profits. Financially speaking, she is faring a bit better now, and her family leads a better life.
Las condiciones economicas han mejorado, asimismo las circunstancias familiares.
Previous Loan DetailsMaría is asking for a new loan because she needs to invest in her business by buying new merchandise for her store, like grains, pasta, rice, and fruits like bananas and strawberries, among others, which are necessary for her customers. This loan will help her to maintain a good level of supplies… More from Maria Consuelo'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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