Update on Maria OsmindaMaría needs to invest in her business once again. She will buy more ingredients for her pupusas, such as cooking oil, corn, tomatoes, condiments, and pork rinds. She expects that this new purchase will bring good results and that she will be able to increase her sales.
She is grateful and believes that these loans have helped her get ahead with her family and with her business.
Ella esta agradecida y considera que estos financiamientos le han ayudado para salir adelante con su familia y con el negocio.
Previous Loan DetailsMaría runs a pupusa business [pupusa is a thick corn tortilla stuffed with cheese, fried pork rind, chicken, or refried beans]. She lives with her child and is also employed by a distributing company as well as having her pupusa business. She now needs a loan to invest in supplies, such as pork… More from Maria Osminda'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 18, 2011
- Dec 8, 2011
- Currency Exchange Loss:
- Sep 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.