Rosa Del Carmen
Update on Rosa Del CarmenRosa has decided upon a new loan because she needs more capital to invest in the business. She will buy the sewing materials that she needs. She will buy things like fabric, thread, and zippers to make the garments and then sell them.
She says that she managed to improve her business with the previous loan. With the earnings she covered the household necessities, made her payments, and kept everything stable without any major concerns.
Ella manifiesta que con el préstamo anterior logro mejorar el negocio, con las ganancias cubrió sus necesidades en el hogar y el pago de las cuotas, todo se mantenido estable, sin mayores relevancias.
Previous Loan DetailsRosa is 60 years old and she lives in San Miguel. She lives with her husband. She has a tailoring shop. This business was started under her own initiative six years ago. She learned to make articles of clothing from a tailoring academy. She works every day from 7am to 6pm. She requests a loan... More from Rosa Del Carmen'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
- 20 months (Additional Information)
- Repayment Schedule
- Apr 4, 2012
- May 6, 2012
- Currency Exchange Loss:
- Aug 18, 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.