Update on Maria NubiaMaria Nubia is from Managua and makes and sells piñatas. She also has a small store. She is grateful to Kiva and MiCredito because the previous loan helped her start her store. She is asking for a new loan to buy a display case and school supplies. She estimates that this loan will be very helpful and she will be able to increase her income and get her family ahead.
Previous Loan DetailsMaría is 51 years old and originally from San Rafael del Sur. Now, though, she lives in Managua. She is married and has a business where she makes and sells piñatas. She has had the business for over 31 years. She began a business selling tortillas with her mother but, as time went by, they… More from Maria Nubia'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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