Maria De Los Angeles
Update on Maria De Los AngelesMaria finds herself in the need of stocking her business and she does not have the necessary financial resources to do so. This is why she is again applying for a loan at this microfinance insitution so that she can buy beef, chicken, soft drinks, condiments, and cereals. That way, she can generate an income for herself and her family.
Maria says that with the previous loan she was able to make a profit and use it to pay back the loan and pay for some necessary household expenses.
María, nos cuenta que con el crédito que anteriormente se le otorgo logro generar ganancias y así fue como pudo cancelar los créditos y realizar algunos gastos del hogar que eran necesarios.
Previous Loan DetailsMaría has opted to continue investing in her business to provide better customer service. She’s requesting a loan to buy necessary supplies like beef, firewood, a tank of gas and condiments that she uses daily in her business. María comments that through these loans she’s been improving the… More from Maria De Los Angeles'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