Update on Sonia CarolinaSonia, thanks to the good attention from our institution, has decided on another loan once again because she wants to invest more in her business because during this season of graduations she will buy beauty products, make-up, creams, shoes and clothes to have what’s necessary to offer her customers. Previous loans helped her much to grow and have more merchandise. This advance has maD. it possible for her to change her family’s living conditions and to have everything they need and not lack anything.
Los préstamos anteriores le ayudaron mucho para crecer y tener más mercadería, este avance le ha permitido cambiar las condiciones D. vida D. su familia y a tener lo necesario para que no les falte nada.
Previous Loan DetailsSonia lives with her family: her mother and her two children. She owns her own home. Sonia is a saleswoman who sells clothes, shoes and accessories. She set up her business two years ago, on her own initiative and with her mother's support. She does not work fixed hours. Sonia needs a loan... More from Sonia Carolina'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 22, 2011
- Nov 9, 2011
- Currency Exchange Loss:
- Apr 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.