Yenny De Los Angeles
Update on Yenny De Los AngelesYenny needs to continue with her business, and she has decided to request another loan to invest in selling cakes and tamales, because her goal is to have sources of income. She will buy materials such as oil, onions, chili tomatoes, meat, and flour, among others.
She says that the previous loan had a great influence in her business, she increased the capacity of her income, her profits. Also, it helped her to have an optimistic point of view to keep working with the best wishes to exceed.
Manifiesta que el crédito anterior influyo mucho en su negocio, aumento la capacidad de sus ingresos, sus ganancias; y le ayudo a tener una visión optimista para seguir trabajando con el mejor de los deseos de superacion.
Previous Loan DetailsYenny lives with her three children. The place they live is their own. She works selling pastries and "pupusas" [tortillas stuffed with meat and vegetables]. She has been doing this work for three years. The business came up because of her need to have a job and, above all, an income. She is… More from Yenny De Los Angeles'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
- 26 months (Additional Information)
- Repayment Schedule
- Aug 14, 2012
- Sep 19, 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.