Update on Maria LuciaMaría is requesting working capital to strengthen her business more. In her business she offers diverse products. She will use the loan to buy blouses, skirts, t-shirts, pants, juice, and soda. This way she will provide better buying options for her customers.
She previously requested a loan that generated a lot of income for her and a greater number of customers than what she had. Her family conditions have significantly changed, providing a better life for the new members of her family.
Anteriormente solicito un crédito que le género muchas ganancias y un número de clientes mayor del que poseía. Las condiciones de su núcleo familiar han cambiado notoriamente brindando así una mejor vida para los nuevos miembros de su familia.
Previous Loan DetailsMaría needs to buy more merchandise. She has a business selling clothes, and she wants to take advantage of the end of the year season. She will do so by purchasing merchandise to stock her business and to get the attention of more customers. She will buy blouses, skirts, and pants, which are… More from Maria Lucia'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