Update on Maria SegundaMaría is seeking a new loan to buy the supplies she needs to continue making and selling tortillas: corn, firewood, and cal. She hopes to buy these supplies at a good price so she can make a greater profit.
As a result of her previous loan, Maria has been able to improve her family's life a little. Through her sales she has managed to maintain a level of income that allows her to cover the costs of her children's education.
El efecto que ha tenido con el préstamo anterior, ha sido bueno ya que le ha permitido mejorar un poco de circunstancias familiares, con sus ventas han logrado mantener un nivel de ingresos para poder cubrir los gastos del estudio de sus hijos.
Previous Loan DetailsMaría is 40 and lives with her husband and 3 children, who are 11, 6, and 1 1/2. She makes a living selling tortillas, which she learned how to do 3 years ago. She does this because of the need to have more income to feed and educate their children. Her schedule is from 10 a.m. to 4 p.m. She is… More from Maria Segunda'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
- 12 months (Additional Information)
- Repayment Schedule
- Jul 4, 2012
- Jul 24, 2012
- Currency Exchange Loss:
- Apr 19, 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.