Update on Alba NelisAlba is asking for a nre loan because she needs to invest in her business. She will be buying the materials she needs to make french fries and pupusas. For example, she will buy corn, potatoes, oil, condiments, cheese and more materials needed to keep up production at her business.
She states that the previous loan helped her fortify her business. She bought materials for the bread bakery. This has resulted in an increase in profitability in her businesses, since she has gained more customers. There have been some problems in her family, since her daughter fell ill and this has resulted in medical expenses.
Manifiesta que el préstamo anterior le ayudo en el fortalecimiento del negocio, conprandose materiales para la panadería, esto le ha ocasionado un incremento en la rentabilidad de sus negocios, ya que ha ganado mayor clientela, en su familia ha tenido algunos inconvenientes ya que su hija han enfermado y esto le ha ocasionado gastos médicos.
Previous Loan DetailsAlba sells sweet bread, pupusas, and drinks. She lives with her daughter and grandson. Alba sells bread as a street vendor and pupusas and drinks at the municipal fairs. These businesses are the source of income by which she is… More from Alba Nelis'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 17, 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.