Update on Maria IsabelMaría is asking for a new loan because she needs to invest more in her business and thus have better income. It will allow her to buy pigs to fatten and then sell. The previous loan helped her grow more in her activity and have everything necessary to do it. Her financial conditions have improved as well as her family circumstances, since she has better income.
El crédito anterior le ayudo a crecer más en la actividad que desempeña y tener todo lo necesario para llevarlo a cabo. Las condiciones económicas han mejorado y las circunstancias familiares asimismo, ya que tiene mejores ingresos.
Previous Loan DetailsMaría is asking for a new loan to buy two pigs because her intention is to maintain her farm and with it the customers needed to earn family income. She feels that she's had a good experience with the previous loan; her economic conditions are improving through her work and the loans she... More from Maria Isabel'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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