Update on Marta LidiaMarta is once again requesting a loan to invest in the purchase of cheese, corn and cooking oil to prepare 'pupusas' (a popular Salvadoran dish). She has decided to ask for another loan because she considers it necessary to make new investments periodically to maintain the business.
These investments have placed Marta's business in better condition, augmenting her capacity to attend to customers, improving sales and giving her the desire to work diligently in this new period.
Estas inversiones le han dado a Marta una mejor condición en el negocio, aumentando su capacidad para atender a los clientes, mejorando las ventas y con deseos de ser puntual en este nuevo periodo.
Previous Loan DetailsMarta is 33 years old and lives with her two children aged 18 and 14. She is a single mother. Marta sells pupusas, bread and soft drinks. She started her business out of necessity. She saw the needs that her children had and she had to cover them. Marta works from 3.00pm to 7.00pm and this… More from Marta Lidia'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
- 14 months (Additional Information)
- Repayment Schedule
- Oct 7, 2011
- Nov 5, 2011
- Currency Exchange Loss:
- Jul 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.