Update on ArelyArely is requesting a new loan to buy corn, firewood and beverages. This will help her to have the supplies she needs for her business so that she can meet the demand of her customers. She expects to have a good experience with this new loan.
Arely says that she has had a good result with her previous loan; she was able to generate more income to support her family, and this has improved her family's financial situation.
Ella manifiesta haber tenido un efecto positivo con el préstamo anterior, pues genero mayores ingresos para el sustento familiar, ha mejorado la situación económica de la familia.
Previous Loan DetailsArely is a 45-year old woman who resides in the city of San Miguel. She lives with her three children, ages 22, 17 and 15, who are financially dependent on her. For her part, she dedicates herself to selling tortillas, firewood, and beverages. She has been in business for 15 years, working from… More from Arely'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 29, 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.