Update on Maria IsabelMaría Isabel, age 20, is an accounting student. She also works as an accountant and administrative assistant for a transportation company. Her biggest desire is to quickly finish her professional education and to be successful in the work projects that she encounters.
María Isable is starting her third cycle at the university. Her parents are her greatest motivation. They have always puts forth great effort in order to provide her with what she needs to be able to go to school.
She will use the loan to make her monthly payments to the university. She will also cover some of her transportation expenses.
María Isabel está iniciando su tercer ciclo en la universidad, su mayor motivación son sus padres quienes se han esforzado mucho siempre por brindarle lo necesario para que ella pueda estudiar.
El préstamo recibido lo invertirá en el pago de mensualidades de la universidad y también para cubrir algunos gastos de pasajes.
Previous Loan DetailsMaria Isabel is 20 years old. She is unmarried and lives with her parents. She is studying accounting and beginning her third year. She has three and and a half more years till she finishes. One of her goals is to start her own accounting firm so she can work for herself. In addition to her studi... More from Maria Isabel's previous loan »
About EDAPROSPOEDAPROSPO seeks to use micro-credit to foster productive commercial activity for the sake of economic and social development within vulnerable urban and rural sectors traditionally neglected by commercial banks. By offering innovative products such as technical education loans and microfinance groups for young people, EDAPROSPO helps disadvantaged Peruvians lift themselves out of poverty.
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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