Update on Maria LuisaMaría is requesting a new loan, which she needs to invest in buying materials for her tortilla stand: pork rind, soft cheese, condiments and drinks. Other products which are involved in the productions and sale of tortillas.
With the previous loan she succeeded in strengthening her business and maintaining the required items for making tortillas that until now she had been able to maintain the situation.
Con el préstamo anterior logro fortalecer el negocio, manteniendo lo necesario para la elaboración de pupusas, que hasta la fecha ha podido mantener esta situación.
Previous Loan DetailsMaría is single and sells pupusas (stuffed tortillas) made of cheese, pork crackling, scrambled eggs as well as drinks and sodas, chocolate and soft drinks on Saturday and Sunday evenings. She will use the loan to buy raw materials such as: corn, cheese, pork crackling and oil. In this way sh... More from Maria Luisa'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
420View loans »
- Repayment Term
- 14 months (Additional Information)
- Repayment Schedule
- May 23, 2012
- Jun 14, 2012
- Currency Exchange Loss:
- Jul 14, 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.