Update on Maria LourdesMaria is a native of Estelí. She is a merchant who owns her own "pulpería" [small convenience store].
She is grateful to Kiva because she was able to use her first loan to stock her business. Things have gone well, her sales improved and she was able to satisfy the demand she had.
She now requests a new loan to purchase products such as basic grains, rice, beans, sugar and oil; and cosmetics.
Her goal for the future is to have the best "pulpería" in the area and to improve her income.
Ahora ella está solicitando este nuevo crédito para comprar productos tales como: granos básicos, arroz, frijol, azúcar, aceite y cosméticos. Su meta futuro es tener la mejor pulpería de su sector y obtener mejores ingresos.
Previous Loan DetailsMaria is 42 years old. She is from Estelí, and is married and the mother os a 21 year old son. She works as a merchant, selling groceries from a store she has owned for 2 years. She started in this type of business with her own capital, money her husband gave her to set up her own business. She h... More from Maria Lourdes'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
- 8 months (Additional Information)
- Repayment Schedule
- Jul 12, 2013
- Jul 28, 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.