Update on Ana YancyAna is requesting a new loan for repairing and selling bicycles, because she wants to purchase spare parts in order to have them available to her customers. She will invest in pedals, sprocket wheels, handlebars, brakes and seats, and this will allow her to always serve her customers well.
She got a positive result from her previous loan, since she was able to put it to good use and make better sales. The loan also improved her family's financial stability.
Ella tuvo un efecto positivo con un préstamo anterior ya que le permitió realizar una buena inversión y poder tener mejores ventas, este crédito le mejoró también su estabilidad económica familiar.
Previous Loan DetailsAna lives with her son in their family home. She and her husband repair bicycles, a business they started two years ago because of their financial situation. There were no jobs, so now they provide services in their workshop every day. They need this loan to buy supplies, such as tires,… More from Ana Yancy'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
- 20 months (Additional Information)
- Repayment Schedule
- May 18, 2012
- Jun 13, 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.