Update on Evelin CeciliaEvelyn has decided to request a new loan because she needs to continue investing in her business and stocking a variety of products, such as rice, beans, salt, oil and sweets, among others, which are necessary in order for her to retain her customers.
With the previous loan, she succeeded in expanding her business inventory and therefore she has improved service to her customers. Her family circumstances are improving and her earnings have also improved. So far, she has maintained her family in a stable condition.
Con el préstamo anterior ha logrado tener más surtido el negocio y de esta manera ha mejorado su servicio los clientes, sus circunstancias familiares están mejorando, así también han mejorado sus ingresos hasta el momento ha mantenido una condición estable con su familia.
Previous Loan DetailsEvelin lives with her parents and brothers and is single. She runs a store and raises pigs. She began these businesses with her mother and she has always worked at the pork business. They run the business from the house where they live and there isn't a specific timetable by which they carry out ... More from Evelin Cecilia'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 20, 2012
- Aug 23, 2012
- Currency Exchange Loss:
- May 17, 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.