Update on Rosa ElvaRosa is seeking a new loan so that she can purchase supplies and stock up her business. She wants to continue growing her product line with the purchase of vitamins, medical supplies, painkillers, and antihistamines, all things that will help keep her customers happy.
She had a positive experience with her previous loan and it enabled her to improve her sales. The economic condition of her family improved and she was able to put more credit against her debt.
Ella tuvo un efecto positivo con el préstamo anterior, le permitió tener mayores ventas y que sus condiciones económicas en la familia fueran mejor, teniendo más solvencia frente a sus obligaciones.
Previous Loan DetailsRosa lives in West San Rafael within the San Miguel department. She sells medicines, lives with her mother and one of her sisters. She began her business out of necessity for having a source of income. She sells on foot and does not have a fixed schedule. She buys her merchandise to stock the… More from Rosa Elva'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 26, 2012
- May 29, 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.