Update on Ana MariaAna is originally from Managua, married and the mother of four children. She is a businessperson who rents video games. She is pleased with the support that Kiva and MiCredito have given her. Through the loans she has received she was able to buy game consoles which has increased her revenues greatly.
Ana is requesting this loan to do maintenance on the machines and improvements to her shop with the goal of improving service to her customers. This loan will help improve her family environment a lot as she will be in a better economic situation. Her dream is to expand her business. She thinks that with effort and dedication she can do it.
Previous Loan DetailsAna is a homemaker who rents out Nintendo games. She is married and lives in Managua. Ana has four children (ages 21, 17, 13, and 19), three of whom are in school. She started her business at the age of 30. The reason for establishing her own business was because her husband was the only one ... More from Ana 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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Success!! The loan was 100% repaid