Update on Maria OliviaMaría finds herself without capital. She has decided to request a loan to invest in her business. She will buy tonic, vitamins, food supplements, etc. both natural and chemical, to continue to service her clients. With the last loan she stocked her business which allowed her to continue working, increased her sales, attracted new clients, paid off her debt and covered the household expenses.
Con el préstamo anterior ella surtió el negocio en su momento y le permitió seguir trabajando, aumento sus ventas, atrajo más clientes, cancelo la deuda y ha podido cubrir los gastos de su hogar.
Previous Loan DetailsMaría’s asking for a new loan because she wants to strengthen her business. She will buy natural and chemical medicines like vitamins, skin creams, analgesics and other varieties that will allow her to improve the business. Her previous loan had a positive effect in that she bought merchandis... More from Maria Olivia'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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