Update on Luz ElenaLuz has decided to request another loan in order to buy corn, firewood, condiments, cheese, and oil to make pupusas. She wants to keep strengthening her business in the hope of improving sales.
She is happy and grateful for the opportunity for growth that each loan gives her as this enables her to keep up her sales and provide her family with what they need.
Ella esta contenta y agradecida por la oportunidad de crecimiento que se le dá en cada prestamo, ya que le permite seguir en pie con las ventas, proveyendo para su familia lo necesario.
Previous Loan DetailsLuz lives with her twenty-two-year-old daughter and one-year-old grandson. She earns her living selling tortillas, which she makes every day of the week and sells at the town market, bringing in the income her household depends on. Luz needs a loan at this time to buy corn. The investment will… More from Luz Elena'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
- Nov 9, 2011
- Dec 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.