Update on NellyNelly is requesting a new loan to continue investing in her bakery. She will buy materials like sugar, flour, eggs, yeast, wood and gas, that are necessary for production. The previous loan also allowed Nelly to buy the raw materials necessary to make bread with which she has worked during this time. Her family situation has also improved offering her family better stability.
El préstamo anterior también le permitió a Nelly comprase la materia prima necesaria para la elaboración del pan con lo que a estado trabajando en este periodo, sus condiciones familiares considera que también han sido mejores ofreciéndole a su familia una mejor estabilidad.
Previous Loan DetailsNelly lives with her husband and their children. She has a business selling bread that she makes: French bread and sweet bread. She doesn’t have a set schedule. She learned this livelihood from her mother, who has always worked in this business and has experience. She will use the loan to buy… More from Nelly'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
655View loans »
- Repayment Term
- 26 months (Additional Information)
- Repayment Schedule
- Apr 20, 2012
- May 27, 2012
- Currency Exchange Loss:
- Jun 26, 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.