Update on CandelariaCandelaria decided to ask for a new loan in order to strengthen her business, so that she can obtain higher profits. She will purchase fruits, vegetables, and clothing. Some examples would be watermelons, apples, strawberries, blouses, skirts, and pants.
Her last loan had positive effects, which has motivated her to keep working with loans so that she can develop her business and also generate higher profits. She is selling snacks and fruit three times a week and the rest of the time she works selling clothing.
El efecto que tuvo con el préstamo anterior fue positivo, esto la ha motivado a seguir trabajando con préstamos, para poderse desarrollar en el comercio y también generar mayores ganancias, ella esta realizando ventas de antojitos y frutas tres veces por semana y los otros dias se dedica a la venta de ropa.
Previous Loan DetailsCandelaria wants to take advantage of the end of year season because that’s the time when sales increase. This has led her to request a loan once again to buy shirts, pants and underwear for women and men since demand increases and she wants to be prepared so that her sales will be good. For Ca... More from Candelaria'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
- May 3, 2012
- Jun 5, 2012
- Currency Exchange Loss:
- Mar 29, 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.