Update on Ada MariaAda wants to restock her business and is seeking a loan so that she can buy shoes, sandals, shirts, tops, and underwear. These purchases will allow her to improve the care she gives her clients, giving her more opportunities to sell. She reports that she had a good experience with her previous loan and that her condition as a trader has improved as has her income. This will be her fourth loan.
Ella manifieste haber tenido una buena experiencia con el préstamo anterior, que su condición de comerciante ha mejorado al igual que sus ingresos, este es su cuarto prestamo que invierte.
Previous Loan DetailsAda llives with her husband and two children. She has a business selling sandals and shoes, and also has a mortar and pestle for nixtamal and sells tortillas. She started with the tortillas 2 years ago, and a year ago she added another enterprise selling shoes and sandals. She requests a loan to ... More from Ada Maria'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.
About El Salvador
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Success!! The loan was 100% repaid