Update on Sonia ElizabethSonia needs to invest a loan and so she again asks for a loan. She will buy two sets of tables for the business. That will help her accommodate more customers in the business and enable her to provide better service. She has maintained a good record and believes that she has moved forward and improved conditions for her family and for her business.
Ella ha mantenido un buen record y considera que ha progresado y mejorado las condiciones tanto en su familia como en el negocio.
Previous Loan DetailsSonia lives with her aunt and two children, aged 10 and 15. She manages a shop selling pupusas that she started three years ago with the help of her mother. Sonia now seeks a credit to buy chicken, chicharrón, cheese, oil, tomatos and condiments, to make pupusas. This inventory will help her… More from Sonia Elizabeth'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
- 17 months (Additional Information)
- Repayment Schedule
- Nov 29, 2011
- Dec 11, 2011
- Currency Exchange Loss:
- Aug 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.