Update on Blanca EstelaBlanca has decided to ask for a new loan to provide continuity for her business, as after the last loan she set up a store which she intends to stock up with everyday products such as rice, oil, beans, eggs. and sugar. This will allow her to have more merchandise in her business, and be able to improve service for her customers.
She demonstrates that she has received good assistance from her earlier loan; she invested it in pigs and new products to attract customers, providing her the opportunity to improve her income.
Ella manifiesta haber obtenido una buena ayuda con su préstamo anterior, invirtiéndolo en cerdos y nuevos productos para atraer a la clientela, dándole oportunidad de mejorar sus ingresos.
Previous Loan DetailsBlanca raises pigs and sells cashew nuts. She lives with her parents and her daughter. She’s a single mother and her daughter is dependent on her. Blanca learned her occupation alongside her parents. Her pig farm is home-based and to date she’s faced no difficulties. She’s asking for a loa... More from Blanca Estela'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:
- Apr 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.