Update on Ana BettyAna needs a loan again because she wants to buy products for her business like purses, belts and bicycle spare parts. This purchase will strengthen the business like the last one did and she’ll see an increase in profits improving her commercial activity. Ana’s family continues unchanged, they haven’t increased and thanks be to God continue in good health just helping her with the business.
La familia de Ana continúan siendo los mismos, no han aumentado y gracias a Dios todos siguen con salud, solamente apoyándola en el negocio.
Previous Loan DetailsAna is 43 years old and resides in Santiago de Maria, the department of Usulutan. She lives with her husband and their three children of 12, 14, and 20 years of age. For the past two years, she has owned a small hardware business where she sells a variety of necessary household items, such as… More from Ana Betty'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 12, 2011
- Nov 7, 2011
- Currency Exchange Loss:
- Oct 16, 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.