Update on Geisel MariaGeisel’s from the city of León. She’s a merchant and owns a grocery store. She’s grateful to Kiva and MiCrédito because her first loan was of much help to her. She succeeded in stocking her store to satisfy her customers and earn higher income.
This new loan request is to buy basic grains like rice, sugar, oil and beans. Her future goal is to turn her grocery store into a general store to offer a wider variety of goods.
Previous Loan DetailsGeisel is an inhabitant of the city of León and is a single mother. She has two children who are 21 and 12 years old. The oldest is at university and the younger is in secondary school. She began her business a year ago with economic support from her ex husband. She bought a shelf, a candy jar, c... More from Geisel Maria'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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