Update on Maria JoseMaria is a native of Estelí and she is a shopkeeper. She sells frozen goods such as: chicken, lunchmeats, pre-cooked potatoes, etc. Her business has done well, she has stocked new groceries at her business and has grown bit by bit as a businesswoman achieving her proposed goal of selling new products.
She would like a new loan to purchase a freezer and to purchase basic goods such as: rice, sugar, beans, oil and lunchmeats.
Her goal for the future is to continue expanding and bringing satisfaction to her clients.
Previous Loan DetailsMaria is thirty years old and the mother of one four-year-old child. She lives in the town of Estelí, where she works selling chicken. She has a small stall and has been in business for three years. She started out with her cousin's support and gradually developed her business in order for it to… More from Maria Jose'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