Update on ElizabethElizabeth is requesting a new loan to be able to invest in the business, buying raw material for the production of hot corn drinks, breads and pupusas (stuffed tortillas), since daily they use sugar, corn, seasonings, chicken and oil among other ingredients.
She considers that through the previous loan she was able to improve the profitability of the business, as it gave her the necessary resources to be able to maintain the merchandise at hand. She considers that her family has also seen benefit since they have had higher economic profits.
Ella considera que a través del préstamo anterior logró mejorar la rentabilidad del negocio, pues le dio los recursos necesarios para poder mantener la mercadería a la mano, de la cual considera que también su familia se a visto beneficiada ya que han tenido un mayor ingreso económico.
Previous Loan DetailsElizabeth sells atol for a living. She lives in the family home with her children, who are seven and ten years old. She does this work for a living because she needs to have an occupation that makes money for her children's needs. Her schedule is from 6:00 a.m. to 10 a.m. She is asking for ... More from Elizabeth'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
- 14 months (Additional Information)
- Repayment Schedule
- May 24, 2012
- Jun 16, 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.