Update on Maria LeonzaMaría is grateful for the institution and the financial support and payment ease they have afforded her. With the loans, she has had the necessary materials on hand to grow her business and have a favorable financial situation. With this opportunity, she is applying for a new loan to invest in the purchase of needles, and thread in various colors and thickness to make hammocks. This way she can support herself in the market.
En esta oportunidad solicita un nuevo crédito para invertirlo en la compra de agujas, hilos en diferentes colores y grosor, para elaborar las hamacas, de esa manera se mantendrá en el mercado.
Previous Loan DetailsMaría is requesting a new loan in order to strengthen her business. She wants to invest in the purchase of raw materials, such as silk thread in various colors, for making hammocks. María will also begin planting basic grains, so she will invest part of the loan in the purchase of supplies, suc... More from Maria Leonza'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