Update on Esmeralda EugeniaEsmeralda has decided on a new loan to continue stocking her shop. On this occasion she will buy more toys of various kinds and will also buy a machine that stores toys and is a game for children. She believes this loan will help her function better.
Her experience with previous loans has been very effective because she’s grown and managed to keep her store stocked with low-price products. Her family’s condition is changing becoming more productive all the time.
Su experiencia con los préstamos anteriores ha sido muy efectiva, ya que ha logrado crecer y mantener surtido con productos a bajo costo, y en sus familias la condición está cambiando siendo cada vez más productiva.
Previous Loan DetailsEsmeralda lives in the family home with her parents, siblings, and cousins. She is single and has no financial dependents. Esmeralda manages a piñata business where she offers her main product of piñatas, but also candy, children's surprise gifts, decorations, and everything needed for birthday... More from Esmeralda Eugenia'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
- 20 months (Additional Information)
- Repayment Schedule
- Jul 21, 2012
- Aug 27, 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.