Update on Maria EsperanzaMaría has decided to take out another loan to invest in buying pears, carrots, bananas, lettuce, eggplant, etc. so that her business will have diverse products to offer her customers. With the previous loan she increased her income and had no difficulty paying off her debt.
Her financial condition is better and her family still has the same members.
Su condición económica es mejor, su familia se mantiene con los mismos miembros.
Previous Loan DetailsMaría decided to request another loan because she needed to improve her income. The money will be invested in the purchase of tomatoes, onions, potatoes, fruit, cucumbers, and other types of produce.
Her previous loan helped her acquire more inventory. As a result, she generated more pr... More from Maria Esperanza'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