Update on Ana CeciliaAna is asking for a loan which she will use to further stock her business in order to have variety. She will buy an order of mens' and women's perfume as well as anti-perspirant, and scented creams, since she is a wholesaler. These loans are a big help because she acquires the merchandise and pays for it at the same time she receives it. She offers merchandise to her smaller customers on credit and with the payments she receives makes her payments.
Ana has been able to keep her business stocked through the loans. The have been the strength that has given life to her business.
Ana ha logrado mantener el negocio surtido a traves D. los prestamos, han sido su fortaleza para darle vida al negocio.
Previous Loan DetailsAna is 29 years old and dedicated to selling perfumes and lotions at wholesale. She resides in El Transito, San Miguel Department, where she lives with her 3 children, the eldest 10 and the youngest 4 years old. Ana has been in this business for the last 10 years, since thinking of a way to hel... More from Ana Cecilia'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.
About El Salvador
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Success!! The loan was 100% repaid
- Repayment Term
- 20 months (Additional Information)
- Repayment Schedule
- Sep 12, 2011
- Oct 10, 2011
- Currency Exchange Loss:
- Jan 15, 2012
Photo from previous loan
Kiva allows our Field Partners to re-use the same photo for individual borrowers that have been posted on Kiva's website once before in a 24 month period, and we allow them to re-use group photos for up to 24 months, provided that 80% of the current group's membership is represented.
Taking, collecting, and uploading photos of borrowers is one of the most challenging elements of using Kiva for our Field Partners. In order to make Kiva easier for Field Partners to use, we have allowed them to post successive and concurrent loans without taking a new photo of the borrower if the criteria above are met.