Leticia Del Carmen
Update on Leticia Del CarmenLeticia is requesting a new loan. She feels that her business is improving through the loans. It allows her, through this financial resource, to buy at a better price and to buy the materials in bulk.
This time she will buy flour, cooking oil, firewood, sugar, lard, yeast, and other materials she needs to make bread. This new investment will give her a greater advantage to get ahead of sales.
The use of the previous loan has had a positive impact. She feels that she is prospering in the business. So far she has kept the level of production quite stable. Her sales have been good, and this has allowed her to have an improved financial solvency in her family.
Ella ha tenido un efecto positivo con él uso del préstamo anterior, considera que está prosperando en el negocio, hasta el momento ha mantenido un nivel de producción bastante estable, sus ventas han sido buenas y esto le ha permitido tener una mejor solvencia en su familia.
Previous Loan DetailsLeticia has a business selling food and atol (a traditional corn-based beverage). She lives with her husband, who is a farmer. She has her business set up in front of the Social Security office in her town. In the mornings, she sells atol and bread, and at noon she starts selling food. She st... More from Leticia 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 6, 2012
- Jun 27, 2012
- Currency Exchange Loss:
- Nov 16, 2012
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.