Update on Nelly ErnestinaNelly decided to get a new loan to invest in the business buying three more pigs to increase the herd size. This is a step forward for Nelly because having the pigs increases her opportunity for future profits.
The effect Nelly’s previous loan had was very favorable in that she bought pigs and enlarged the business. Her and her family’s living conditions are also changing; they are living better at present.
El efecto que tuvo Nelly con el préstamo anterior fue muy favorable, ya que invirtió en cerdos y creció en el negocio, las condiciones de vida de ella y su familia están cambiando, viviendo mejor en la actualidad.
Previous Loan DetailsNelly lives with her husband and two children. She has a pig farm which she began with the support of her husband, who always supports her projects. The farm is at her house. She doesn’t work on a fixed schedule.
Nelly is applying for this loan in order to purchase pigs and feed. This... More from Nelly Ernestina'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 23, 2012
- Apr 17, 2012
- Currency Exchange Loss:
- Sep 15, 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.