Update on CarlotaCarlota is requesting a new loan to purchase raw materials. She also regards these loans as a great source of help in the growth of her business and contributing to her children's education. She will buy wood, clay, nacazcol seeds and pay for transport. She would also like to build a hut to shelter the oven where she makes the crockery.
Her previous loan had a positive effect by helping her to get what she need to make the crockery and to support her family unit. Her business is also stable and her two children are studying.
El efecto del préstamo anterior fue positivo, ayudándole a obtener lo necesario para la elaboración de loza, su nucleó familiar se mantiene, su negocio se encuentra estable, tiene a sus dos hijos estudiando.
Previous Loan DetailsMrs Carlota, age 46, lives in Guatajiagua, in the Morazan department, with her husband and two children ages 24 and 22. Her children are in school, thanks to the hard work of their parents. Carlota and her husband make and sell crockery (plates for cooking tortillas, and pots). They each learned… More from Carlota'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 22, 2012
- Apr 17, 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.