Update on Yuris MabelYuris has decided to request this new loan because she believes it is necessary to invest in the business with a greater number of products. This increased product variety includes soft drinks, sodas, and gatorade. She will continue to offer her products to customers and the new loan will help her to stabilize the business.
With the previous loan, Yuris was able to maintain stability in the business. She offers quality products to the customers, attends to product demand, and also offers seasonal fruit. Her goal is to maintain in the business all of the products that can generate income.
Con el préstamo anterior logró mantener el negocio estable, ofreciendo a los clientes productos de calidad, atendiendo su demanda, ofreciendo también frutas de temporada, su objetivo es mantener en el negocio todos aquellos productos que puedan generar ingresos.
Previous Loan DetailsYuris, age 21, lives in Yoloaiquin in the Morazan department with her husband and one-year-old child. She sells drinks, since she helped her mother to prepare and sell drinks as a child. Now that she has her own home, it was not hard for her to find a business to help her husband with the household… More from Yuris Mabel'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
- 10 months (Additional Information)
- Repayment Schedule
- Jul 23, 2012
- Aug 27, 2012
- Currency Exchange Loss:
- Mar 20, 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.