Update on Veronica ElizabethVeronica is asking for a new loan to be able to invest in her seafood business. Her intention is to maintain a good level of customer sales, so she needs to buy fish, shrimp, conch and other products of the sea that are in demand by her customers. This will allow her to offer fresh, quality products.
The previous loan had a positive impact on her business because she was able to buy and maintain a good level of fresh product. She feels that her number of customers has increased. She has a newborn baby in the family.
El préstamo anterior dio un efecto positivo negocio ya que logró invertir y mantener un buen nivel de producto fresco, considera que han crecido su número de clientes y en su familia tiene un hijo recién nacido.
Previous Loan DetailsVerónica lives with her husband and two children; she sells seafood. The business was born three years ago. She learned it in her family and today it helps her earn household income. She’s asking for a loan to buy seafood like fresh food, lobster, shrimp and fillet, among other types of… More from Veronica 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 22, 2012
- Jul 16, 2012
- Currency Exchange Loss:
- Jul 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.