Update on Santos EstelaSantos is asking for a loan to strengthen her business buying fresh seafood like fish, scallops and shrimp to strengthen the business and meet customer demand; she hopes to get good results with the present investment and to be able to make her payments well.
The previous loan helped her to improve her sales and the variety of her products thus staying competitive to have greater growth opportunities and to improve her family’s condition.
El préstamo anterior le ayudo a mejorar sus ventas y la variedad en el producto, manteniéndose competente para tener mayor oportunidad de crecimiento y mejorar las condiciones en su familia.
Previous Loan DetailsSantos has been living with her husband for 10 years. They have three children. She sells seafood: fish, scallops, shrimp. She started the business six years ago with her husband and does not have a set schedule. Santos will use the loan to buy more seafood such as scallops, shrimp and fish. I... More from Santos Estela'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
- 12 months (Additional Information)
- Repayment Schedule
- Apr 24, 2012
- May 27, 2012
- Currency Exchange Loss:
- Mar 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.