Update on Sandra LorenaSandra is requesting a new loan to keep investing in her business, since she would like to repair a freezer that she uses to store meats, and at times other foods and vegetables like tomatoes and onions. She plans to use this loan to pay for labor and maintenance and to buy whatever parts she needs. She says the previous loan helped her increase her profits to make the business more stable, and she has been able to keep it that way and help her family.
Ella manifiesta que el credito anterior le ayudó para aumentar sus ganancias, ya que mantuvo una condición más estable en el negocio de la cual hasta el momento ha logrado mantenerse y ayudar a su familia.
Previous Loan DetailsSandra lives with her husband's family. She works selling food. She works every day from her house. The business arose from the need to have a job to provide and help her husband with the household expenses. She is asking for a loan to buy merchandise for business, meat, oil, condiments, soft ... More from Sandra Lorena'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
- 26 months (Additional Information)
- Repayment Schedule
- May 18, 2012
- Jun 13, 2012
- Currency Exchange Loss:
- Jun 18, 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.