Update on Blanca LidiaBlanca has decided to request another loan because she wants to expand her sales in her business. She will buy products such as tomatoes, onions, corn, oil, seasonings, and a portion of firewood to make tortillas and, in the afternoon, meat pies and snacks. This will help her have the necessary materials to make the products. For the firewood, buying it in cash will help her get a better price.
She says the previous loan had a positive effect because she made the necessary purchase to improve her customer service selling tortillas. This has been very useful for increasing her sales. With this loan she wants to offer another line to her customers.
Ella manifiesta haber tenido un efecto positivo del préstamo anterior, porque realizo la compra necesaria para mejorar la atención a los clientes en la venta de tortillas, la cual ha sido muy útil para que sus ventas aumentaran, con esta inversion quiere ofrecer un rubro mas a los clientes.
Previous Loan DetailsBlanca, age 37, lives in San Miguel in the Department of San Miguel with her children (ages 10 and 8) who are financially dependent on her. She sells tortillas and begins her work at 10am. Her advantage is that there are no other tortilla vendors nearby, so she is able to attract customers.
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 16, 2012
- Mar 10, 2012
- Currency Exchange Loss:
- Feb 15, 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.