Maria De La Paz
Update on Maria De La PazMaria needs a new loan because she needs more working capital to supply her business. This investment will help her buy a truckload of firewood and chicken feed.
The previous loan went well for her because she was able to increase her sales and pay off the debt and cover her household expenses with her profits. Her financial conditions and family circumstances have improved and, at age 65, she feels useful in the family, thanks to help from her loans.
El crédito anterior fue favorable, ya que logro aumentar sus ventas y con ello los ingresos, pagar la deuda y aportar en los gastos del hogar. Las condiciones económicas y las circunstancias familiares han mejorado, se siente una persona útil en la familia con 65 años de edad, gracias al apoyo que se le brinda con los préstamos.
Previous Loan DetailsMaria lives with her daughter and three grandchildren. She sells firewood, water, and piñatas. Her aunt taught her to be a saleswoman. She also learned to make flowers. She started her firewood business on her own eight years ago. She works from 7:00 A.M. to 4:00 P.M. She is requesting a loan to... More from Maria De La Paz'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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