Update on Ana JuliaAna decided to request a new loan in order to keep working in the sale of pupusas. She will buy goods such as corn, wood, gas, cracklings, cabbage, cheese and other goods needed for the production of the sale.
With this loan, she will keep offering a good service to customers. The effect of the previous loan was to allow her to grow and acquire the materials she needed to make the sale. This allowed her to change her family circumstances and be able to live in better conditions, receiving more income from her business.
El efecto que tuvo con el préstamo anterior le permitió crecer y tener a la mano los materiales para la elaboración de la venta, éste le ha permitido cambiar sus circunstancias familiares y poder vivir en una mejor condición, recibiendo mejores ingresos del negocio.
Previous Loan DetailsAna lives with her three children and her husband. She runs a ‘pupusa’ [grilled stuffed corn cakes] shop that arose out of her own initiative. She only works afternoons and has experience in the business since she’s been making pupusas for several years. She is currently asking for a loan ... More from Ana Julia'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 25, 2012
- Aug 29, 2012
- Currency Exchange Loss:
- Mar 21, 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.