Update on Brenda RocioBrenda is requesting a new loan so that she can continue to invest in her business. She will buy new clothes for children and adults such as blouses, shirts, and shorts. These items are necessary for strengthening her business. This loan will be a great help for Brenda.
The effects of her previous loan were an increase in her inventory and availability of more products. Her conditions as a merchant have improved, thereby giving her a more stable business and increased income for her family.
El efecto que tuvo con el préstamo anterior logro incrementar sus inventarios, disponiendo de más prendas, sus condiciones como comerciante han mejorado, dándole un negocio más estable, sus ingresos familiares han aumentado.
Previous Loan DetailsBrenda is a retailer selling American clothing. She is 20 years old and she lives with her mother and her grandmother. Her aunt taught her how to do this job, and she sells door to door, walking along different streets. She is requesting a long to buy American clothing, especially blouses, skirt... More from Brenda Rocio'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
- May 21, 2012
- Jun 14, 2012
- Currency Exchange Loss:
- Nov 16, 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.