Update on Rosa LiliRosa wants to continue working in her business selling bread. This is why she is requesting a new loan, which will help her to be able to buy all types of bread. This will help her to maintain her customer's loyalty and the income of her household.
With her previous loan, she managed to keep her bread business well stocked, and so she was able to improve her financial situation and have better solvency with regard to her financial obligations.
Con el préstamo anterior logro mantener en el negocio un surtido de pan, con lo que mejoro su estado económico y una mayor solvencia frente a sus obligaciones.
Previous Loan DetailsRosa lives with her two children; she’s a bread merchant. This occupation arose because she needed to earn income to support her family. She has been in business three years and to date has had no problems and her children have had the basics. She’s asking for a loan to buy bread since her... More from Rosa Lili'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 26, 2012
- May 29, 2012
- Currency Exchange Loss:
- Sep 15, 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.