Update on Blanca YaniraBlanca is requesting a new loan so that her business will always be stable. She has decided to purchase a machine which she will use to weigh grams of gold. She will also purchase items such as chains, earrings and bracelets, so that she will have improved sales every day.
Blanca expresses that the previous loan helped her because she used it to purchase gold items and was able to stock up her business and have more customers. Her income improved, which allowed her family to live in better conditions.
Ella manifiesta que el préstamo anterior le ayudo, porque lo utilizo en comprar prendas de oro, logro surtir y tener más clientes, sus ingresos mejoraron el cual su familia vive en mejores condiciones.
Previous Loan DetailsBlanca sells clothing and gold and lives with her husband. She sells her products throughout the eastern region of the country, visiting towns and villages. This business came out of necessity. Currently this is the second time she's asking for a loan to buy gold: chains, earrings, two types… More from Blanca Yanira'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
- 32 months (Additional Information)
- Repayment Schedule
- Feb 25, 2012
- Mar 12, 2012
- Currency Exchange Loss:
- Oct 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.