Update on Maria VilmaMaría is ready to stock up her sales stall. She will purchase sodas, juice and cookies as well as cabbage, flour, cooking oil, seasonings, cream cheese etc. as raw materials for making pupusas. Then she will be able to take maximum advantage of the school season.
Thanks to her previous loan, María was able to offer more products at affordable prices for her customers, and she was able to keep working.
Gracias al crédito anterior se le facilito el ofrecer más productos y a precios accesibles para sus clientes con los que pudo mantenerse trabajando.
Previous Loan DetailsFollowing her experience with her previous loan, María has decided to continue working with our institution. She will invest her new loan in buying merchandise and products for her food stall, such as soda, cookies, juice, snacks, soft drinks and ingredients for making pupusas. The school term ... More from Maria Vilma'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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Success!! The loan was 100% repaid