Update on Maria ElsaMaría is requesting a new loan that will be of great help for her: she will buy the ingredients she needs to prepare her meals, as in this year-end season she is receiving many requests. She will buy chicken, meat, rice, onions, tomatoes and other necessary ingredients.
Maria’s experience with her previous loans has been a good one: they have helped her improving the way she tends to her customers and thanks to them her family’s economic standard has improved.
Para Maria su experiencia con los préstamos anteriores ha sido buena, ya que le ayudaron porque le permitió tener una mejor atencion a la clientela y su familia está mejor económicamente.
Previous Loan DetailsMaría lives with her daughter. Her business is selling fries and fast food. She works from 7.00am to 5.00pm. She runs her business from her home and has approximately 30 years experience. She learned the business herself because she needed to earn a living. María is requesting a loan to in... More from Maria Elsa'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 26, 2011
- Jan 7, 2012
- 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.