Update on Lucia MargaritaLucia, is asking for a new loan, since she wants to continue working in her business, keeping it well-stocked with fresh vegetables such as carrots, chayote, potatoes, cabbage, tomatoes and others, which she needs to have available to offer to her customers. She considers the previous loan has been a big contribution for her, since it has allowed her to continue selling in the market up to now, by providing the financial resources needed to increase the inventory. She expects to have a good experience with the new loan as well.
Ella considera que el préstamo anterior fue un gran aporte para ella, pues hasta el momento se ha mantenido con sus ventas en el mercado, pues le facilito los recursos económicos para crecer en el inventario, con la nueva deuda espera tener tambien una buena experiencia.
Previous Loan DetailsLucia lives with her grandparents, and has no family to care for except for them. She works selling vegetables and seafood, and she took over this business from her grandma. She has been in charge of the business for a year.
She is asking for a loan to buy vegetables and seafood: potatoes... More from Lucia Margarita'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 29, 2012
- Jun 17, 2012
- Currency Exchange Loss:
- May 17, 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.