Update on Ana FranciscaAna is asking for a new loan to buy merchandise for the business; she will buy assorted clothes for children and adults, outfits, blouses, skirts and shirts, that she hopes to use to continue working with enthusiasm in order to grow in the marketplace.
She states that she had a positive effect from the previous loan because her customers found what they needed in her business, demand increased and she’s been able to stay competitive. She did, however, have family difficulties during this time that resulted in her separating from her husband.
Ella manifiesta que con el préstamo anterior tuvo un efecto positivo, pues su clientela encontró en su negocio lo necesario, su demanda aumento y ha logrado mantenerse competente, solamente que en este tiempo tuvo dificultades familiares, ocasionándole la separacion con su esposo.
Previous Loan DetailsAna is a clothes merchant. She lives with her husband and four children. She’s been a street vendor for the last 7 months. Normally, she stocks men’s, women’s and children’s clothes. She goes out to the hamlets to sell the merchandise. She is asking for a loan to buy jeans, blouses and… More from Ana Francisca'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
- 17 months (Additional Information)
- Repayment Schedule
- Apr 14, 2012
- May 18, 2012
- Currency Exchange Loss:
- Mar 17, 2014
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.