Veronica Del Carmen
Update on Veronica Del CarmenVeronica has decided to request a new loan, due to the present needs of her business. Veronica's inventory is diminishing and she wishes to buy cheese, cream, cottage cheese, and clothing for boys and girls. This will help her satisfy the need for new merchandise in her business and enable her to continue fulfilling her clientele's requirements.
The result of her earlier loan was positive, offering her greater availability of products. This has allowed her to maintain her business up to the present and to cover the economic necessities of her family. So much so that she believes the investment was very beneficial.
El efecto que tuvo con el préstamo anterior fue positivo dándole una mejor disponibilidad de productos, lo que hasta el momento le ha ayudado a mantenerse y a poder cubrir las necesidades económicas de su familia, ya que considera que la inversión fue muy favorable.
Previous Loan DetailsVerónica lives with her husband and they have no children. She is a merchant and sells cheese and clothing. Her 5-year-old business is set up in the municipal market and well-located to attend to customers. She is requesting a loan to buy blouses, shirts, skirts and cheese, wholesale. This ... More from Veronica Del Carmen'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
- 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.