Update on VictorinaOur member, Victorina, is applying for a loan that she will use to support her livestock business. Past loans have helped her grow her business and she will use this one to buy more head of cattle and animal feed. She says that the investment will allow her to continue growing her business.
She used her last loan to help [someone?--not clear] improve the transportation services that she uses. They were able to make the repairs that were needed to again provide a reliable service. Thanks to the investment, she has managed to win back some customers because she can now provide a better service.
El efecto que tuvo con su préstamo anterior fue el mejoramiento del servicio de transporte, con el que ella trabaja, ya que le reparó y hasta el momento ha podido realizar su trabajo de una manera normal y con prontitud, gracias a esta inversión ha mejorado y ha recuperado algunos clientes con el servicio que nuevamente está ofreciendo.
Previous Loan DetailsVictorina lives with her husband and two children, who are 18 and 16 years old. They are both in school. Victorina is the owner of a heavy-cargo transport business. Her main activity every day is to dispatch the drivers to their jobs. She only administers and controls the use of the vehicles. She... More from Victorina'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
- 17 months (Additional Information)
- Repayment Schedule
- May 25, 2012
- Jun 16, 2012
- Currency Exchange Loss:
- Sep 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.