Update on SalvadoraSalvadora needs another loan to strengthen her business. She will buy fresh vegetables, bananas, potatoes, tomatoes, onions, and fresh fish to go out and sell on foot. This will help her generate more income and support herself in her business.
With the previous loan she had a good experience because she managed to buy herself chickens to sell. She was able to pay back the loan, and currently she continues working so she can to grow and have the necessities for her family.
Con el préstamo anterior tuvo una experiencia buena, ya que logro comprarse pollos para salir a vender, logro pagar el préstamo y actualmente continua trabajando por crecer y tener lo necesario para su familia.
Previous Loan DetailsSalvadora lives with her husband and earns her living by selling fish and native chickens. Her business is located in her home, but she also sells her products as a street vendor. In addition, she sells “ pozol ” (a beverage made from corn) once a week. She is requesting a loan to buy fis... More from Salvadora'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
- 22 months (Additional Information)
- Repayment Schedule
- Apr 13, 2012
- May 18, 2012
- Currency Exchange Loss:
- Feb 16, 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.