Update on Lilian EstelaLílian is requesting a new loan to be able to to increase her business of selling food and soft drinks. She will buy the products she needs to prepare the dishes. She will buy things like chicken, meat, rice, carbonated drinks, soft drinks, and others that she needs for her sales.
She says that the previous loan helped her to keep her business stocked with a better production of food. With this food she managed to satisfy her customers. She also says the growth of her business has also been a financial benefit for her family.
Ella manifiesta que el préstamo anterior le ha ayudado a mantener un negocio surtido con una mejor producción de alimentos de la cual ha logrado satisfacer a su clientela, además manifiesta que la superación en el negocio también ha sido un beneficio económico para su familia.
Previous Loan DetailsLilian lives with her 13-year-old son in her own house. She has been working selling food for ten years, breakfast, lunch, and dinner every day from 5:00 a.m. to 6:00 p.m. on her own from Monday through Sunday. She will use the loan to buy ingredients such as chicken, meat, rice, beans,… More from Lilian Estela'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 23, 2012
- Jun 15, 2012
- Currency Exchange Loss:
- Dec 15, 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.