Update on Blanca MariaBlanca is from Esteli and has a general store. She is grateful to Kiva and MiCredito because the loan allowed her to buy more products to offer her customers. She is asking for a new loan to buy rice, beans, sugar, sausages, cosmetics, and other things. She believes that this loan will be of great help to her and she will be able to obtain greater earnings.
Previous Loan DetailsBlanca, who is a native of Estelí, is 33 years old and the single mother of a 1-year old son. She makes her living in one of the most popular businesses in our culture- she is a storekeeper, the owner of a small grocery. She started very young, when she was 19 years old. She had very little… More from Blanca Maria'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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