Update on Maria CleofeMaría lacked working capital to invest, and in recent days has became aware that sales are increasing, so she decided to take out a new loan and invest in the purchase of firewood, gas, sugar, cooking oil, corn, etc.–everything her customers need in their homes.
The loan helped her to supply her inventory, increase her sales and pay off her debts. Now, thanks to the unconditional support that Maria has given him, her son has graduated from university and continues to encourage her to keep her business going.
Ya su hijo gracias al apoyo incondicional que le ha dado María, egreso de la universidad, y la sigue animando a mantener su negocio activo.
Previous Loan DetailsOnce again María is seeking a loan because she needs working capital. She plans to use it to buy drinks, candy, meat, corn, firewood, and propane gas. She has been very pleased with the previous loan because it generated sufficient income so she could pay off her debts and pay for household and… More from Maria Cleofe'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