Update on Maria GladisMaría has decided to request another loan in order to be prepared for the Christmas holiday demand. She will purchase creams, lipsticks, body lotions, powder, eye shadow, blush, etc. This will help her satisfy many customers and will increase her earnings.
She used the previous loan to increase inventory. Her sales went up and her finances improved, which allowed her to pay off her debt and improve her family's living standards.
Con el crédito anterior amplio su inventario, aumento sus ventas, y su economía mejoro, permitiéndole cancelar su deuda y mejorar el estilo de vida de su familia.
Previous Loan DetailsMaría needs a new loan so that she can continue investing in her business. This loan will allow her to buy beauty products such as creams, lotions, talc, nail polish, etc. Her previous loan helped her to increase her stock levels and make more income. As a result, her financial situation has i... More from Maria Gladis'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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About El Salvador
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Success!! The loan was 100% repaid