Update on Maria DoloresMaría decided to request another loan in order to buy corn, vegetables, and fruits so that she can take advantage of the Christmas season and generate more income. This will also allow her to strengthen her business.
The effect of her previous loan was very positive since her business grew and provided a more stable financial situation. Her family circumstances greatly improved.
El efecto que le dio el crédito anterior fue muy positivo ya que su negocio creció, tiene una economía más estable y las circunstancias familiares han mejorado mucho.
Previous Loan DetailsMaría needs to take out another loan, because she needs more working capital because of the funds the institution offers her and the favorable interest rate. This will allow her ot buy vegetables such as: carrots, plantains, peppers and more. The effect of the previous loan helped her to imp... More from Maria Dolores'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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