Update on Karla PatriciaKarla is requesting a new loan for her tortilla sales and sewing workshop businesses. She will buy firewood, corn and gas for the tortilla business, and sewing materials to make clothing in her tailor shop. This loan will give her economic resources so that she can invest in the better functioning of her businesses.
She used the last loan to solidify her business which has supported her family in this season. She thinks that through these loans her ability to fill her customers needs and her family living conditions are being met.
Con el préstamo anterior logró fortalecer el negocio del cual se ha mantenido junto a su familia en esta temporada, considera que a través de estos préstamos están mejorando su capacidad de respuesta a los clientes y sus condiciones familiares.
Previous Loan DetailsKarla works selling tortillas and as a tailor making clothing. She lives with her husband and two children, ages 10 and 8. She has had the business for two years. It developed on her own initiative. She provides service from 6:00 a.m. until 4:00 p.m. She is requesting a loan to buy corn,… More from Karla Patricia'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 27, 2012
- Jul 17, 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.