Update on Rosa LidyaRosa is seeking a loan so she can continue developing her business. She will buy cashew seeds and non-perishable items such as sugar, beans, detergent, and soap. These would be for the shop that she has started since her last loan.
The last loan has had a positive effect as she now has a new source of income with the store. This will give her a new opportunity to earn money to help her family.
El efecto que tuvo con el préstamo anterior fue positivo pues ahora posee una nueva fuente de ingreso con la tienda de víveres, esto le dará una nueva oportunidad de tener ganancias y que su familia cuente con este negocio.
Previous Loan DetailsRosa lives with her husband and three children, ages 20, 16 and 14. She has been selling cashew seeds for four years and has been able to earn a profit and generate an income. She learned the trade from her family who are all involved in it. She needs to buy several sacks of raw cashew seed… More from Rosa Lidya'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 18, 2012
- May 19, 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.