Update on Maria TeodoraMaría is from the region Las Canoas, Tuestepe. By trade she is a salesperson who buys and sells clothing and cosmetics, and has managed to be prosperous in her sales. She is thankful to Kiva and MiCrédito since through loans she has managed to offer a variety of products and have sell many items. She is requesting a new loan to buy toys in bulk, a variety of lingerie, skirts, etc, in order to stock the business and to meet her clients' needs. She believes that this loan will help her increase her business and her earnings, which will allow her to purchase new merchandise.
Previous Loan DetailsMaria, a trader living in the region of Las Canoas, Teustepe, is thankful for the opportunity that Kiva is providing. This loan is giving her the chance to sell a little more and to have more customers. The school year is about to start and demand for school uniforms is high. For this reason, ... More from Maria Teodora'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