Update on Maria AracelyMaría has requested a new loan to invest more in her business. She plans to buy corncobs to make tamales, as well as oil, firewood and gas, which are required to make this product.
Her prior loan had a positive impact, as she invested it in her tamal business and bought chickens. This increased her income and gave her the resources needed to keep working. Her financial situation has also improved, and she now lives with her family in a more solvent manner.
Ella ha tenido un efecto positivo con el préstamo anterior,ya que invirtio en su tamaleria y pollos, aumentando sus ganancias y proporcionándole los recursos para seguir trabajando, sus condiciones económicas han mejorado, viviendo mas solvente con su familia.
Previous Loan DetailsMaría lives with her husband and 2 children. She is married and sells tamales and chickens. She started these businesses on her own initiative with the support of her husband. She has experience with both businesses and has no fixed schedule for sales as she works as a street vendor. She is… More from Maria Aracely'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
- Apr 13, 2012
- May 18, 2012
- Currency Exchange Loss:
- Nov 16, 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.