Maria Del Carmen
Update on Maria Del CarmenMaria wants to stock her business for which she is requesting a new loan that allows her to improve her shop and sell clothing and magazine beauty products, buying blouses, skirts and pants. With this, she hopes to continue growing in the market and being more productive since she has a greater variety of products. The effect of her last loan was positive since it improved her store. With this she is motivated to keep working with the loans since also her family is better. She has bought some household goods.
El efecto con el préstamo anterior fue positivo, ya que mejoro la tienda con esto esta motivada para seguir trabajando con préstamos, ya que también su familia se encuentra mejor, ha comprado algunos bienes del hogar.
Previous Loan DetailsMaría lives with her husband and two year old child. She has a staples general store. She sells rice, beans, sugar, soap, and detergents. She works every day of the week. She is asking for this loan to buy supplies for her store such as rice, sugar, and beans, so she can satisfy her clients an... More from Maria Del Carmen'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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- Repayment Term
- 20 months (Additional Information)
- Repayment Schedule
- Apr 21, 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.