Maria Del Carmen
Update on Maria Del CarmenMaría, with the objective of improving her business, requests a new loan to invest in the purchase of more cooking supplies, which will allow her to increase her production and continue generating good income for her family. She will buy corn, firewood, oil, condiments and vegetables, hoping to have the supplies necessary for carrying out her work and improving the service to her customers. With the previous loan, she made a good investment that gave her great stability with her sales, since she produced a variety of products that her customers enjoyed. This has given her greater income.
Con el préstamo anterior ella logró una buena inversión que le dio una gran estabilidad en sus ventas, ya que produjo variedad de productos que fueron del gusto de los clientes, esto le ha dado a ella mejores ganancias.
Previous Loan DetailsMaría lives with her husband and two children, ages 25 and 23. She sells light meals and has been in business for two years. Maria has two employees who help her and manage the business during those occasions when she goes out to sell on the street. She is requesting a loan to buy meats, ... More from Maria Del Carmen'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