Update on Silvia CarmelinaSilvia has decided to ask for a new loan, because the institution has helped her with quick loans according to her need.
On this occasion the loan will be used to buy merchandise like rise, oil, condiments, bread, eggs, snacks, cookies and candies. She feels that the loans have improved both her business and her family, since her children have advanced another year in their schooling.
Ella considera que estor préstamos han mejorado el negocio y las condiciones de su familia, pues sus hijos han avanzado con un año más de estudio.
Previous Loan DetailsSilvia is married and lives with two children who are 19 and 23 years of age. She sells basic need items and has been in business for six years. She started the business with her children and is open from 6am until 7pm. She currently needs a loan to buy rice, beans, sugar, oil, eggs, cured… More from Silvia Carmelina'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
621View loans »
Success!! The loan was 100% repaid
- Repayment Term
- 14 months (Additional Information)
- Repayment Schedule
- Nov 29, 2011
- Dec 11, 2011
- Currency Exchange Loss:
- May 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.