Update on Maria VirgiliaMaría requests a new loan to continue manufacturing hammocks and drapes. She’s decided on this loan because she believes it’s necessary to buy silk thread in assorted colors and will also pay labor costs for a helper to make hammocks since she has pending orders.
The previous loan allowed her to have a good production of hammocks and to fill some customer orders she had. She bought enough material and has increased the number of her new customers; she’s been able to provide food for her family.
El préstamo anterior le permitió realizar una buena producción de hamacas, atendiendo los pedidos que le habían realizado algunos clientes, se compró suficiente material y ha logrado conseguir un crecimiento de nuevos clientes y ha podido proveer el alimento a su familia.
Previous Loan DetailsMaria has a business making handicrafts out of string. She lives with her husband and 3 children. She started this business after receiving training where she learned to make crafts out of string, and she is teaching this skill to her family. Now she is requesting a loan to pay for a big… More from Maria Virgilia'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
- Jul 18, 2012
- Aug 17, 2012
- Currency Exchange Loss:
- Aug 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.