Update on Rosa MariaRosa has decided to get a new loan to continue growing her business and invest in the purchase of corn, sugar, packaging paper, and other materials to keep on selling atol (a warm drink made of corn) and bread. Those loans have allowed her to be able to get ahead and maintain financial liquidity in order to regularly make her payments.
She got a positive result from her previous loan since her sales have continued, she’s kept her business, she’s been able to afford her family’s basic need, and right now they haven’t had any problems.
Con el préstamo anterior logró tener un efecto positivo, ya que sus ventas han continuado permanentes, se mantiene en su negocio, ha logrado cubrir todas las necesidades de su familia y por el momento no han tenido ningún inconveniente.
Previous Loan DetailsRosa, who lives in her family's home with her parents and siblings, is single. She runs a business where she sells bread, "atol" [a warm drink made of corn], and she sells cosmetics. She began this business through her mother 5 years ago. She is asking for a loan to buy pastries, corn, rice fl... More from Rosa Maria'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
- 20 months (Additional Information)
- Repayment Schedule
- Jun 23, 2012
- Jul 17, 2012
- Currency Exchange Loss:
- Feb 16, 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.