Update on Maria AracelyMaría is asking for a new loan to improve her business, buying the products that she needs for her business to be in good shape. For example, she will buy oil, sweet corn, wood, and propane, which are some of the items necessary to make her tamales (a traditional dish made of cornmeal, sauce, and meat wrapped in palm leaves) for sale.
She notes that the loan she received the last time allowed her to have the most needed items to make her tamales, and her living conditions and level of comfort have improved, and she has a better opportunity to make a profit.
Comenta que el préstamo que se le financio anteriormente, le permitió tener lo más necesario para elaborar los tamales, sus condiciones, su nivel de vida han sido mejor, han tenido más oportunidad de obtener ingresos.
Previous Loan DetailsMaría has requested a new loan to invest more in her business. She plans to buy corncobs to make tamales, as well as oil, firewood and gas, which are required to make this product. Her prior loan had a positive impact, as she invested it in her tamal business and bought chickens. This increase... More from Maria Aracely'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