Update on Maria DiodoraMaría has decided to apply for a new loan to buy twine and thread, which are the raw materials she needs to continue working and fulfilling her clients' orders. Her previous loan had a very positive impact. The earnings she generated allowed her to pay off her debt and install a small store in her home. Her life is changing little by little thanks to the support she has been offered and the good administration.
Su vida está cambiando poco a poco gracias al apoyo que se le ha brindado y a la buena administración.
Previous Loan DetailsMaría is requesting a new loan so that she can buy more supplies for making hammocks and bags since she already has orders for her work. Therefore, she needs enough materials to complete these requests. Her purchase will consists of thread and twine of various colors. María says her busin... More from Maria Diodora'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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