Update on Maria DelmyMaría is asking for a new loan because she wants to invest in her business by bolstering the inventory of the store she set up. This will allow her to offer her customers better service and it will allow her to keep what they want in stock. She will buy sugar, oil, pastas, snack foods, soap, and detergents, among other products her customers demand for their daily use.
With her previous loan, she was able to get more supplies to make tortillas, which has allowed them to better serve their customers. As their sales have been good, her business has been changing and becoming more successful now that she has set up a storefront where she sells drinks and tortillas. She believes that it is because of the Kiva loan that she and her family are prospering.
Con el préstamo anterior logró incrementar los materiales para elaborar tortillas, esto le ha ocasionado un mejor funcionamiento con sus clientes, ya que sus ventas han sido buenas, su negocio está cambiando volviéndose más rentable, ya que tiene establecida una tienda, venta de bebidas y las tortillas, gracias al crédito de kiva considera que está prosperando con su familia.
Previous Loan DetailsMaría lives in her own home with her family. She works selling tortillas and drinks. She learned the business because she needed to obtain more income. She does not have an established schedule since the business is located in her home. She will use her loan to purchase raw material such as w... More from Maria Delmy'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
786View loans »
Success!! The loan was 100% repaid
- Repayment Term
- 14 months (Additional Information)
- Repayment Schedule
- Jun 9, 2012
- Jun 30, 2012
- Currency Exchange Loss:
- Jun 18, 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.