Update on Julia EmperatrizJulia is requesting a new loan because she needs to invest in her business. She will buy raw materials to be able to make her products, like firewood, corn on the cob, cooking oil and other things that are also necessities.
The previous loan helped her to buy materials that allowed her to continue with normal production in her business, generating her sales and helping her family to pay for household expenses.
Él préstamo anterior le ayudo a comprarse materiales permitiéndole tener su producción normal, generando sus ventas y ayudando a su familia a mantener todo lo necesario en el hogar.
Previous Loan DetailsJulia lives with her husband and three children. She’s married and a tamale merchant. She has business experience because she’s been doing this for ten years; she learned from her mother. She is a street vendor so does not have a fixed sales schedule. She is asking for a loan to buy… More from Julia Emperatriz'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
- Mar 2, 2012
- Mar 28, 2012
- Currency Exchange Loss:
- May 17, 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.