Update on CatalinaCatalina is asking for a new loan to continue improving and growing in sales. Her purchase consists in necessary supplies like corn, firewood and gas that are what allows her to improve tortilla production for her customers. She believes that the previous loan made it possible for her to stay in business and make tortillas for people who are frequent customers which helped her family to be able to have income for their food.
Ella considera que con el préstamo anterior logro mantenerse y hacer las tortillas para las personas que son clientes frecuentes, ayudándole para que su familia tuviera ingresos para su alimentación.
Previous Loan DetailsCatalina is a single mother and lives with her 4 grandchildren. She sells tortillas, cosmetics, and lotions. Her business has existed for 30 years. She founded it on her own initiative, and she attends to it from 5:00 am until 2:00 pm. Her customers are neighbors and close friends. Catalina wi... More from Catalina'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 3, 2012
- Mar 28, 2012
- Currency Exchange Loss:
- Nov 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.