Update on Rosa AmeliaRosa is requesting a new loan so that she can continue investing in her business because she believes that she has received good service and attention. She will buy flour, eggs, sugar, gelatin and other materials she needs for making bread. This loan will give Rosa the money she needs to strengthen her bakery.
Rosa says that, with the help of her previous loan, she managed to continue making her bread. She experienced growth as she had all the materials she needed to hand. This allowed her to continue producing. She now enjoys better conditions and better financial solvency than before.
Manifiesta que con el préstamo anterior ha logrado permanecer con la producción de pan, es decir un crecimiento para ella ya que los materiales los ha tenido a su alcance y le han permitido continuar en la producción, hoy en día manifiesta tener mejores condiciones y una mejor solvencia económica que antes.
Previous Loan DetailsRosa lives with her husband and children. She runs a bakery, which she opened with support from her mother and husband. The business is located in her house. Her schedule isn't set, but depends on demand. She's got experience, and everyone works in the business, even the kids. Rosa is… More from Rosa Amelia'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 20, 2012
- Jul 12, 2012
- Currency Exchange Loss:
- Mar 19, 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.