Update on Maria LuisaMaría is seeking capital to stock her store with more merchandise. In this occasion, she will purchase juices, candy, bread, basic grains, sugar, salt, soap, and bleach.
The changes that she has had in her finances have been very passive. The loan allowed her to increase the variety of products in her store, her customer base has expanded, and she has cancelled her debts.
Los cambios que ha tenido en su economía son muy pasivos pues con el crédito aumento la variedad de productos que tenía en su tienda, a crecido su cartera de clientes y a cancelado sus deudas.
Previous Loan DetailsMaría is opting for a new loan that will help her better stock her business with products her customers are requesting. She will use the capital to buy snacks (candy, cookies, etc.), juice, soft-drinks and basic staple items. Her previous investment yielded positive results for today her business… More from Maria Luisa'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.
About El Salvador
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Success!! The loan was 100% repaid