Update on MariaMaria is soliciting a new loan to buy more pigs, in order to expand her business. She depends on her ranch and these loans have allowed her to augment it and to feed and maintain her herd of pigs. The last loan helped her strengthen the business and generate good sales.
Maria is motivated by her prior investments, since they have provided greater solidity and a more stable source of income for her family.
Ella está motivada con las inversiones que ha realizado, ya que los préstamos le han dado fortaleza y le han permitido tener una fuente de ingreso más estable para su familia.
Previous Loan DetailsMaría lives in San Rafael Oriente, San Miguel department, with her two children who are 11 and 7 years of age. She is a single mother who works raising pigs, a business she started with her mother’s help. She does not have a set schedule. This economic activity provides for her and her chil... More from Maria'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
- 26 months (Additional Information)
- Repayment Schedule
- Oct 21, 2011
- Nov 9, 2011
- Currency Exchange Loss:
- Feb 15, 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.