Update on Martha AuxiliadoraMartha is from Managua. She is married and has three children who are now independent. She is a merchant, and she sells varied merchandise.
She is grateful to Kiva and MiCrédito because, with the loan, she managed to increase her inventory and improve her sales.
She is requesting the loan to buy school items, cosmetics, creams, and others. She believes that the loan will be a big help because she will be able to meet the demand of her customers. This way she will get better earnings.
Previous Loan DetailsMartha, 55, is married and a mother of three grown children. She has been a merchant, selling a variety of goods, for 12 years. When she started her business her first products were cosmetics from a catalog that she sold door to door. She saved the prizes that she won in order to later sell them.... More from Martha Auxiliadora'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