Update on VicentaVicenta has decided to take out a new loan for the upcoming back-to-school season. She would also like to install electricity in her house. For her business, she will buy meat, soft drinks, snacks, herbs and spices and bread so that she can make fast food for the students. She believes that her previous loan helped her to improve her business. Her profits increased and her family have improved their conditions as her children have completed another school year.
Ella considera que el préstamo anterior le ayudo para mejorar el negocio, las ganancias aumentaron y su familia está en mejores condiciones, ya que sus hijos han avanzado a otro año escolar.
Previous Loan DetailsDoña vicenta is 39 years old and lives in San Isidro in the department of Morazán. She runs a small coffee stand. She has a husband and three daughters, ages 18, 15 and 8. Doña Vicente has been running her stand for 9 years out of her own home. She sells food, drinks, bread and other food items.… More from Vicenta'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
- 20 months (Additional Information)
- Repayment Schedule
- Jan 23, 2012
- Feb 11, 2012
- Currency Exchange Loss:
- Nov 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.