Update on Maria JuanaMaría is requesting another loan to strengthen her pig and cattle business. She is buying six medium-sized pigs to raise. She also will buy feed for these pigs and for the cattle. With this she will have everything she needs to continue with her farm.
The effect of the previous loan was positive, growing her store business and increasing her profits. By managing the loan well she was able to give her family better living conditions, with which she will be getting her children ahead in their studies.
El efecto que tuvo con el préstamo anterior fue positivo, creciendo con su negocio de la tienda, incrementando sus ganancias, con el buen manejo del préstamo logro ofrecer una mejor situación de vida a su familia, con lo que estará sacando a sus hijos adelante en sus estudios.
Previous Loan DetailsMaria is 49 years old and she lives in Corinto, in the region of Morazan. She lives with her husband Jose Martin, and their two children: Juan Carlos, 14, and Xiomara Yamileth, 17. Maria has had a general store for the past 3 years, selling to basic household needs items to her neighbors. She… More from Maria Juana'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
- 20 months (Additional Information)
- Repayment Schedule
- Apr 21, 2012
- May 27, 2012
- Currency Exchange Loss:
- Sep 18, 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.