Carolina Del Carmen
Update on Carolina Del CarmenCarolina is requesting a new loan because she thinks further investment in her fruits and vegetables business in needed given that she has two street vendors who help her. She will buy tomatoes, onions, potatoes, plantains, apples, bananas, cabbages, and other market products.
Her prior loan truly helped her improve her business. Previously, she was selling cornflour drinks, and now she sells fruits and vegetables, which generates more income. She thinks it is better to continue this business and has a stand in the market where she can offer more products and improve her future prospects.
Con el préstamo anterior tuvo un efecto positivo, que le ayudó a mejorar el negocio, ya que se dedicaba a la venta de atol, y hoy en día está dedicada a la venta de fruta y de verdura este rubro le ha generado mejores ingresos por eso considera mejor mantenerse en este tipo de negocio, cuenta con un local en el mercado donde puede expandirse más con sus productos y a futuro para mejorar.
Previous Loan DetailsCarolina, 26, lives in Jiquilisco, Usulután Department with her children and husband. She sells fruit and vegetables. She used to sell atoll (a corn based drink) but then decided to find a more profitable business and that’s when she went into fruit and vegetable sales. She is requesting a… More from Carolina Del Carmen'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
- 10 months (Additional Information)
- Repayment Schedule
- Jun 26, 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.