Update on ApolinariaApolinaria’s asking for a new loan to strengthen the business. She will buy supplies to make tamales and tortillas like corn, which is the main one, condiments, banana leaves, chicken, oil and firewood which will set her up to continue making her products. She feels that the previous loan helped her to have everything necessary in the business and feels her personal life is also improving thanks to the profits she’s earning.
Ella considera que el préstamo anterior le ayudo para mantener lo necesario en el negocio, pues considera que su vida personal está mejorando a través de las ganancias que le quedan.
Previous Loan DetailsApolinaria sells tamales, milk curd and cheese. She lives with her two grandsons. She is dedicated to her business of selling various products. She sells chicken tamales two times a week and sells milk curd and cheese from her home every day. She is currently requesting a loan to buy milk for ... More from Apolinaria'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
454View loans »
- Repayment Term
- 18 months (Additional Information)
- Repayment Schedule
- Mar 26, 2012
- Apr 17, 2012
- Currency Exchange Loss:
- May 17, 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.