Update on SusanaSusana has decided on a new loan because she currently lacks economic solvency to stock her business. She will buy bakery ingredients and supplies like flour, oil, shortening, yeast, bread pans and racks. She hopes this new purchase will help her keep her business with a good production level. She believes that she had a positive result with the previous loan because her good management of it helped her improve her living condition and to do some home improvements.
Ella considera haber tenido un efecto positivo con el préstamo anterior, ya que la buena administración le permite haber mejorado su condición de vida y realizarle una mejora a su vivienda.
Previous Loan DetailsSusana lives in San Miguel, in the region of San Miguel. She lives with her husband and their first daughter; she is 15 months old. She is a baker, she is 30 years old, and the business is a family inheritance. She has been the baker and administrator of the business for the past 2 years, working... More from Susana'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
- Dec 7, 2011
- Jan 3, 2012
- Currency Exchange Loss:
- Mar 29, 2013
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.