Update on Maria SoledadWith her previous loan, María was able to improve her business. She has new income that was used to improve her family’s circumstances and repair her house.
María is requesting capital so that she can buy cows, bags, and pay for butchering. This will enable her to supply her customers and generate the income she needs to keep her debt payments on track.
Nuevamente solicita capital para comprar vacas, bolsas y pagar el destazo, de esta manera seguirá abasteciendo a sus clientes y teniendo ingresos que necesita para responder de manera positiva a los pagos de la deuda.
Previous Loan DetailsMaría lives with her family, including her husband, 49, and their two children, ages 19 and 25. They all work together. María buys cattle to butcher and sell the meat. She works every day and has done so for more than 20 years. She has her children the business. The loan María is seeking... More from Maria Soledad'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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