Update on RosibelRosibel is requesting a new loan because she believes that they help her a lot, giving her the opportunity to invest in her business and to be able to continue generating sales. With this loan she will buy milk in order to make products such as cuajada [curd] and cream.
She claims that she has had a good experience with her previous loan, that she worked well throughout the whole period, buying milk wholesale and producing dairy products.
Ella manifiesta haber tenido una buena experiencia con el préstamo anterior, que ha trabajado bien en todo este periodo, comprando leche al mayoreo y produciendo los lacteos.
Previous Loan DetailsRosibel makes dairy products. She’s 35 years old and a single mother of a 15-year-old girl. Her only support is her grandparents. Rosibel started the business because she needed to produce income for the home. She goes out mornings to sell and spends afternoons making the next day’s products.… More from Rosibel'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
- Feb 8, 2012
- Mar 9, 2012
- Currency Exchange Loss:
- Mar 18, 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.