Update on Zoila MarinaZoila is again applying for a loan to buy produce for her business, such as papayas, grapes, bananas, onions, tomatoes, potatoes, chilis, and avocados.
She decided to invest in her business again, as her merchandise was beginning to run low, and she needed to build up her supply of fruits and vegetables for her customers.
These loans have helped her stay in business, and continue generating income for her family. Through the loans, her business has grown, attracting more customers.
A través de los préstamos su negocio ha crecido, teniendo mayor número de clientes.
Previous Loan DetailsZoila, age 26, lives in San Miguel. She has a fruit and vegetable stand. She lives with her husband and their two children, ages 11 and 6. She and her husband started the business as traveling street vendors. Their clients live in some neighborhoods that they visit. They want to purchase mer... More from Zoila Marina'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
- Oct 10, 2011
- Nov 7, 2011
- Currency Exchange Loss:
- May 17, 2013
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.