Update on Marina IsabelMarina wants to invest in her business selling tortillas and firewood. Consequently, she is applying for a loan in order to purchase corn and firewood wholesale. This enables her to provide for her household and sell to her neighbors.
She feels that the earlier loan gave her the opportunity to improve her business, thereby retaining her customers. This has made her stronger. She is motivated to continue working and to succeed with her family.
Ella considera que el préstamo anterior le dio la oportunidad de mejorar el negocio, manteniendo la clientela, esto le ha fortalecido, está motivada por continuar trabajando para superarse con su familia.
Previous Loan DetailsMarina lives with two children and her companion. She sells firewood and tortillas. She’s been in this occupation for ten years. She works every day Monday through Friday. She will use the loan to buy corn to strengthen and improve her business more. She hopes to obtain more profits and cu... More from Marina Isabel'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
- 15 months (Additional Information)
- Repayment Schedule
- Mar 28, 2012
- Apr 17, 2012
- Currency Exchange Loss:
- Mar 19, 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.