Update on Doris ElizabethDoris is applying for a new loan to strengthen her business by buying more merchandise like soft drinks as well as cheese, meats, condiments, packaging and dressings among other things for making hamburgers and bread.
With the previous loan Doris managed to buy a variety of products that helped her to maintain her sales, attending to a good number of customers with whom she had been working. She considers herself to be excelling in her business.
Con el préstamo anterior Doris logro comprarse una variedad de productos que le ayudaron a mantener la venta, atendiendo a un buen número de clientes con lo que ha estado trabajando, ella considera que esta superándose en el negocio.
Previous Loan DetailsDoris sells bread and hamburgers. She lives with her husband and two children who are 16 and 19 years old. She’s been running her business for the last 18 years. It arose through her own initiative. She’s open from 6am until 5pm. To date, everything is running smoothly. She needs to inv... More from Doris Elizabeth'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 8, 2012
- Jun 28, 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.