Update on Jenny ElizabethJenny is asking for a new loan to invest in the business thereby having more availability of food items like snacks, soft-drinks, juice and cookies to stock the store and have a wider variety of products on hand. Jenny has had a good experience with the previous loan managing to stay in business with a variety of merchandise thus improving her family’s quality of life.
Jenny ha tenido una experiencia buena del préstamo anterior, logrando mantener el negocio con variedad de mercaderia y así mejorar la calidad de vida de su familia.
Previous Loan DetailsJenny lives with her two children, ages 14 and 18. She is a single mother, and has no one to help her; she is the sole support for her family. She has a store that sells basic household necessities. She sells every day from 6:00am to 6:00pm, Monday to Sunday. She will use the loan to buy… More from Jenny Elizabeth'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
- 17 months (Additional Information)
- Repayment Schedule
- Mar 3, 2012
- Mar 28, 2012
- Currency Exchange Loss:
- Jul 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.