Update on Maria AngelicaMaría is requesting a new loan as she has plans to invest in more merchandise, buying blouses, undergarments for men, pants and undergarments for women since these items are what her customers demand. She hopes with this investment she will have the opportunity to earn more income, as with the previous loan she increased her capacity, because she purchased the necessary goods and obtained a good response from her customers.
Espera con esta inversión poder tener la oportunidad de ganar mayores ingresos, ya que con el préstamo anterior aumentó su capacidad, pues realizó la compra necesaria en mercadería y obtuvo una buena aceptación de los clientes.
Previous Loan DetailsMaría is 24 years old, and she lives in the city of San Miguel with her seven year old son. She has her own house. She has been selling clothes for five years. She started working as an employee of a clothing business. Later, she started as the owner of her own place. She is requesting a… More from Maria Angelica'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
- 17 months (Additional Information)
- Repayment Schedule
- May 11, 2012
- Jun 9, 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.