Update on Maria UrsulaMaría is asking for a new loan because she wants to invest, once again, in her business, reinforcing it with a greater variety of products to fill her sales space. She will buy green plantains to be fried, the oil that is necessary for this, and the firewood that will serve to let her cook her products. This will help Maria to continue working for her family.
She declares that with the previous loan, she has been able to continue her sales business, she has had a good response from her customers, and up to this moment, she has been able to maintain an income for her family. All of this, she considers to be a result of the loan that she was given and the good investments that she made.
Ella manifiesta que con el préstamo anterior se ha logrado mantener realizando las ventas, ha tenido una buena respuesta de sus clientes pues hasta el momento ha logrado mantener un nivel de ganancia para su familia, todo esto lo considera que fue a través del préstamo que se le brindó y la buena inversión que realizó.
Previous Loan DetailsMaría lives in her own home with her husband and has three older adult children. María sells roasted plantains and has 4 years in the business, which she started on her own initiative, working Monday to Saturday. She is requesting a loan to buy a large quantity of oil and green plantains to sup... More from Maria Ursula'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
- Jun 4, 2012
- Jun 27, 2012
- Currency Exchange Loss:
- Feb 16, 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.