Update on Maria MartirMaría is requesting capital to invest in the purchase of thread for weaving hammocks. She needs to cover the demand from her customers so as to continue fomenting loyalty toward her products.
With her previous loan she strengthened her business, which helped her attract new customers, improve her production, generate the income she needs to improve her family's lifestyle and improve her home.
Con el préstamo anterior fortaleció el negocio lo que le ayudo a atraer nuevos clientes, mejorar su producción generar los ingresos que necesita para mejorar el estilo de vida de su grupo familiar, logro hacer mejoras a su vivienda.
Previous Loan DetailsMaría is 49 years old and lives with her children. She is a widow and has been producing hammocks for 34 years. This line of work has been in her family for generations and she manages her business with her children. Her financial difficulty has kept her from meeting the demands of her… More from Maria Martir'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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